The two most common marketing tools used for product advertising are ads on television and ads in
Question:
a. The researchers analyzed the data using a paired samples t-test. Explain why this is the most valid method of analysis. Give the null and alternative hypotheses for the test.
b. The researchers reported a paired t-value of 6.96 with an associated p-value of .001 and stated that the "mean difference between television and magazine advertising was statistically significant." Explain what this means in the context of the hypothesis test.
c. To assess whether the result is "practically significant," we require a confidence interval for the mean difference. Although this interval was not reported in the article, you can compute it using the information provided in the table. Find a 95% confidence interval for the mean difference and interpret the result. What is your opinion regarding whether the two means are "practically significant?"
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Related Book For
Statistics For Business And Economics
ISBN: 9780134506593
13th Edition
Authors: James T. McClave, P. George Benson, Terry Sincich
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