Refer to the previous exercise. Now test whether the population mean amount spent differs among the three
Question:
Refer to the previous exercise. Now test whether the population mean amount spent differs among the three groups, using α = 0.01. Describe any conflict between your two conclusions. Suggest at least two courses of action to ameliorate the situation.
Data From previous Exercise
Contains the amount spent (in dollars) in a random sample of purchases where the payment was made by credit card, debit card, and check, respectively. Test whether the population mean amount spent differs among the three groups, using α = 0.05.
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Related Book For
Discovering Knowledge In Data An Introduction To Data Mining
ISBN: 9780470908747
2nd Edition
Authors: Daniel T. Larose, Chantal D. Larose
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