Application of hypothesis formation

Assignment Help Basic Statistics

Reference no: EM13112283

PiggyBank has narrowed its options down to two incentive plans:

A. cash back when the consumer makes an online purchase; and B cash back when consumer makes a purchase at a clothing store.

The bank doesn't know whether consumers would shop online more than at clothing stores.

Information Experts has placed you in a group to develop null and alternative hypotheses to help the bank determine which option would provide the best incentive to consumers. Work with your group members to develop the null and alternative hypotheses. As a group, write a brief memo to the PiggyBank product development team describing your hypotheses and explaining how you arrived at them

Reference no: EM13112283

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