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please help with hw Do people tend to spend money differently when using a credit card compared to cash? The following data shows a random
please help with hw
Do people tend to spend money differently when using a credit card compared to cash? The following data shows a random sample of credit card purchases and a random sample of cash purchases. Credit 19.64 26.11 29.20 21.42 26.57 27.17 28.49 26.14 28.99 Cash 27.08 25.06 27.90 19.88 17.96 15.06 31.29 23.30 24.39 Credit Cash Is there evidence to conclude that people spend money differently when using a credit card compared to cash? Use the a = 0.09 level. a. State the null and alternative hypotheses. Ho: ? v ? Select an answer v H1: ? v ? Select an answer v b. Find the critical value and sketch the rejection region. Sketch of Rejection Region: -2 Q Q O O Critical value(S): (If there are two critical values, list both values separated by a comma) c. Find the test statistic.d. Find the p-value. e. Decide: Select an answer V Hg f. Conclusion: At or = 0.09 significance level, there Select an answer v enough evidence to conclude that people spend money differently when using a credit card compared to cashStep by Step Solution
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