Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Businesses such as General Mills, Kellogg's, and Betty Crocker regularly use coupons to build brand allegiance and stimulate sales. Marketers believe that the users

image text in transcribedimage text in transcribed

Businesses such as General Mills, Kellogg's, and Betty Crocker regularly use coupons to build brand allegiance and stimulate sales. Marketers believe that the users of paper coupons are different from the users of e-coupons accessed through the Internet. One survey recorded the age of each person who redeemed a coupon along with the type of coupon (either paper or electronic). The sample of 21 traditional paper-coupon clippers had a mean age of 52.0 with a standard deviation of 10.0. The sample of 35 e-coupon users had a mean age of 42.7 years with a standard deviation of 7.0. Assume the population standard deviations are not the same. Using a significance level of 0.05, test the hypothesis of no difference in the mean ages of the two groups of coupon clients. Hint. For the calculations, assume e-coupon as the first sample. Required: a. What are the null and alternate hypotheses? Ho: Me-coupon = traditional H Me-coupon # "traditional O HO: Ne-coupon + Mtraditional H1: Me-coupon = traditional O Ho: He-coupon #traditional H: He-coupon * /traditional b. Compute the test statistic. (Negative values should be indicated by a minus sign. Round your answers to 2 decimal places.) Test statistic c. Compute the p-value. NOTE: P-value calculators are available through online search. (Round your answer to 4 decimal places.) p-value d. What is your decision regarding the null hypothesis? Reject the Ho Fail to reject the Ho e. Interpret the result. The mean ages of e-coupon and traditional coupon users

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Modeling the Dynamics of Life Calculus and Probability for Life Scientists

Authors: Frederick R. Adler

3rd edition

840064187, 978-1285225975, 128522597X, 978-0840064189

More Books

Students also viewed these Mathematics questions

Question

What are the advantages of a qualitative study?

Answered: 1 week ago