Answered step by step
Verified Expert Solution
Question
1 Approved Answer
An advertising executive claims that there is a difference in the mean household income for credit cardholders of Visa Gold and of MasterCard Gold. A
An advertising executive claims that there is a difference in the mean household income for credit cardholders of Visa Gold and of MasterCard Gold. A random survey of 13 Visa Gold cardholders resulted in a mean household income of $84,210 with a standard deviation of $10,200. A random survey of 9 MasterCard Gold cardholders resulted in a mean household income of $72,220 with a standard deviation of $10,700. Is there enough evidence to support the executive's claim? Let wj be the true mean household income for Visa Gold cardholders and y, be the true mean household income for MasterCard Gold cardholders. Use a significance level of a = 0.01 for the test. Assume that the population variances are not equal and that the two populations are normally distributed. Step 2 of 4: Compute the value of the f test statistic, Round your answer to three decimal places AnswerHowto offer your answer (opens in new window . 1 Point Tables KeypadAn advertising executive claims that there is a difference in the mean household income for credit cardholders of Visa Gold and of MasterCard Gold A random survey of 13 Visa Gold cardholders resulted in a mean household income of $84,210 with a standard deviation of $10,200, A random survey of 9 MasterCard Gold cardholders resulted in a mean household income of $72,220 with a standard deviation of $10,700. Is there enough evidence to support the executive's claim? Let #j be the true mean household income for Visa Gold cardholders and / be the true mean household income for MasterCard Gold cardholders. Use a significance level of a = 0.01 for the test. Assume that the population variances are not equal and that the two populations are normally distributed. Step 3 of 4: Determine the decision rule for rejecting the null hypothesis Me. Round your answer to three decimal places. Answer 1 Point Tables Keypad Keyboard Shortcuts Reject Ho ifAn advertising executive claims that there is a difference in the mean household income for credit cardholders of Visa Gold and of MasterCard Gold A random survey of 13 Visa Gold cardholders resulted in a mean household income of $84,210 with a standard deviation of $10,200. A random survey of 9 MasterCard Gold cardholders resulted in a mean household income of $72,220 with a standard deviation of $10,700, is there enough evidence to support the executive's claim? Let j be the true mean household income for Visa Gold cardholders and my be the true mean household income for MasterCard Gold cardholders, Use a significance level of a = 0.01 for the test. Assume that the population variances are not equal and that the two populations are normally distributed Step 4 of 4: State the test's conclusion, Answer 1 Point Im Tables Keypad Keyboard Shortcuts O Reject Null Hypothesis O Fail to Reject Null Hypothesis Prey Next
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started