5. The average expenditure on Valentines Day was expected to be $100.89 (USA Today, February 13, 2006).

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5. The average expenditure on Valentine’s Day was expected to be $100.89 (USA Today, February 13, 2006). Do male and female consumers differ in the amounts they spend?

The average expenditure in a sample survey of 40 male consumers was $135.67, and the average expenditure in a sample survey of 30 female consumers was $68.64. Based on past surveys, the standard deviation for male consumers is assumed to be $35, and the standard deviation for female consumers is assumed to be $20.

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Essentials Of Statistics For Business And Economics

ISBN: 9780324568608

5th Edition

Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams

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