Luxury goods higher for men than for women, Applied Statistics

According to a recent study, when shopping online for luxury goods, men spend a mean of $2,401, whereas women spend a mean of $1,527. Suppose that the study was based on a sample of 600 men and 700 females, and the standard deviation of the amount spent was $1,200 for men and $1,000 for women. Is the amount spent shopping online for luxury goods higher for men than for women? Use alpha = .05 (State the Hypothesis Scenario, calculate the test statistics or p - value and state the conclusion)

Posted Date: 3/15/2013 1:14:29 AM | Location : United States







Related Discussions:- Luxury goods higher for men than for women, Assignment Help, Ask Question on Luxury goods higher for men than for women, Get Answer, Expert's Help, Luxury goods higher for men than for women Discussions

Write discussion on Luxury goods higher for men than for women
Your posts are moderated
Related Questions
A manufacturer has received complaints that aging production equipment is forcing workers to work overtime in order to meet production quotas. Historically, the average hours worke

First we look at these charts assuming that we know both the mean and the standard deviation of the process, that is  μ and  σ . These values represent the acceptable values (bench

Examine the given statement, then express the null hypothesis H0 and the alternative hypothesis H1 in symbolic form. The mean weight of women who won a beauty pageant is equal t

Rank Correlation Sometimes the characteristics whose possible correlation is being investigated, cannot be measured but individuals can only be ranked on the basis of the chara

The decision maker ranks lotteries according to the utility function (i) State the independence assumption. Does this decision maker satisfy it? (ii) Is this decision ma

what is the independent variable in how energetic do people feel after drinking different types of soft drints?

This box plot displays the diversity wfood; the data ranges from 0.05710 being the minimum value and 0.78900 being the maximum value. The box plot is slightly positively skewed at

Your company operates a machine shop, and, having heard you had experience in statistics and design of experiments, consulted you for your opinion on an experiment they want to run

objective of the testing stochastic regression

Ask question #MinimumA wedge is small piece of material having two of their opposite faces not parallel. To lift block of weight W, it is pushed by horizontal force P which lifts t