Walmart has an interest in monitoring the average backto- school spending for grade-school students year to year.
Question:
Walmart has an interest in monitoring the average backto-
school spending for grade-school students year to year.
The following table shows the average back-to-school spending of households randomly sampled in 2013 and 2014 along with the population standard deviations and sample sizes for each sample.
2013 2014 Sample mean $606.40 $548.72 Sample size 35 38 Population standard deviation $160 $150
a. Perform a hypothesis test using a = 0.10 to determine if the average household back-to-school spending in 2013 was different than it was in 2014.
b. Determine the p-value and interpret the results.
c. Verify your results using PHStat.
AppendixLO1
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: