Top Posters
Since Sunday
55
s
32
9
k
8
p
7
C
7
B
7
o
7
n
7
x
6
6
b
6
New Topic  
Diamondlove Diamondlove
wrote...
Posts: 103
Rep: 0 0
9 months ago
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. 



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

Business Statistics


Edition: 2nd
Author:
Read 34 times
1 Reply
Replies
Answer verified by a subject expert
kaytee23kaytee23
wrote...
Posts: 70
Rep: 2 0
9 months ago
Sign in or Sign up in seconds to unlock everything for free
More questions for this book are available here



  tα = 1.895

Because  = 1.03 is less than tα = 1.895, we fail to reject the null hypothesis. Therefore, American Greetings cannot conclude 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.

1

Related Topics

Diamondlove Author
wrote...

9 months ago
Just got PERFECT on my quiz
wrote...

Yesterday
Helped a lot
wrote...

2 hours ago
Thanks
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  168 People Browsing
 517 Signed Up Today
Related Images
  
 150
  
 155
  
 190
Your Opinion