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A company that manufactures tablets has information about the variables that impact the demand for its tablets. The variables include household income, price of substitute products, age, gender, education level, marital status, and number of children. Which statistical technique would be the most appropriate to compare the buying patterns of men and women?
Answered - T-test
How would you determine whether there is a statistically significant difference between men and women with respect to the demand for tablets? Could a cluster analysis be used to compare the buying patterns of men and women?
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