Question
Management at a video game store wants to gain a better understanding of their customers. In order to better manage advertising directed towards different customers,
Management at a video game store wants to gain a better understanding of their customers. In order to better manage advertising directed towards different customers, they want to determine if the average amount spent by men and women at the store is different. They take a random sample of 66 men and 60 women customer. They find that on average, men in their sample spent about $361.08 with a standard deviation of $45.59 when they shopped at the store. On average, women in the sample spent about $376.56 with a standard deviation of $24.60 when they shopped at the store. Using a two-sample t-test, calculate the test statistic (t-statistic) associated with this test (:-0) (Your value may be larger than what you are used to see for a test-statistic, that is OK).
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