Online shopping statistics are routinely reported by www.shop.org. Of interest to many online retailers are gender-based differences
Question:
Online shopping statistics are routinely reported by www.shop.org. Of interest to many online retailers are gender-based differences in shopping preferences and behaviours. The average monthly online expenditures are reported for males and females:
a) Find 95% confidence intervals for the average monthly online expenditures for males and females.
b) These intervals overlap. What does this suggest about any gender-based difference in monthly online expenditures?
c) Find a 95% confidence interval for the difference in average monthly online expenditures between males and females.
d) The two results seem contradictory. Which method is correct: doing two-sample inference, or doing one-sample inference twice?
Step by Step Answer:
Business Statistics
ISBN: 9780133899122
3rd Canadian Edition
Authors: Norean D. Sharpe, Richard D. De Veaux, Paul F. Velleman, David Wright