Question
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
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 25 traditional paper-coupon clippers had a mean age of 60.0 with a standard deviation of 24.0. The sample of 35 e-coupon users had a mean age of 38.8 years with a standard deviation of 5.7. Assume the population standard deviations are not the same. Using a significance level of 0.01, 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. Compute the test statistic. (Negative values should be indicated by a minus sign. Round your answers to 2 decimal places.) b. Compute the p-value.NOTE: P-value calculators are available through online search. (Round your answer to 4 decimal places.) c. Interpret the result. The mean age of e-coupon and traditional coupon users ____.
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