Solution-P-value approach to test hypothesis

P-value approach to test hypothesis

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Reference no: EM131100478

American Greetings would like to test the hypothesis that the average amount of money spent per person on Mother's Day increased by more than $10 this year when compared to last year. The following data represents the amount of money that the same eight individuals spent on Mother's Day during the past two holidays.

Person	1	2	3	4	5	6	7	8
Last Year	$140	$113	$86	$147	$140	$162	$150	$142
This Year	$133	$110	$156	$170	$160	$166	$183	$154

Define Population 1 as this year and Population 2 as last year and use the p-value approach to test this hypothesis with α = 0.05.

Reference no: EM131100478

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P-value approach to test hypothesis

Reference no: EM131100478

Reference no: EM131100478

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