Question
Pursuant to the developed associated rules, the data analysts wanted to provide recommendation on the purchasing decision to the management in a statistical proven approach.
Pursuant to the developed associated rules, the data analysts wanted to provide recommendation on the purchasing decision to the management in a statistical proven approach. Previous years sales have been recorded as RM32/trip purchase He has collected the following amount of money spent for Brand X and data is shown below.
Brand X | 31 | 30 | 35 | 37 | 28 | 45 | 39 | 32 | 42 | 28 | 39 | 33 | 32 | 32 | 36 | 35 | 50 | 52 | 45 | 38 |
Brand Y | 27 | 32 | 32 | 28 | 42 | 29 | 33 | 33 | 45 | 43 | 32 | 35 | 34 | 34 | 32 | 31 | 38 | 26 | 25 | 21 |
He has hypothesized that amount of spend (per trip purchase) for Brand X should be more than RM32. Is the hypothesis correct at 5% significant level? [20 Marks]
In addition, he wanted to compare the purchasing decision as measured by the money spent over Brand X is more than competitor Brand Y by RM10. Will he be available to support the hypothesis by 5% significant level? [10 Marks]
Hi tutor, Please answer this question step by step.
Thank you.
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