Coefficients of skewness affect results of hypothesis test

Reference no: EM13147924

A cell phone company offers two plans to its subscribers. At the time new subscribers sign up, they are asked to provide some demographic information. The mean yearly income for a sample of 40 subscribers to Plan A is $57,000 with a standard deviation of $9,200. This distribution is positively skewed; the actual coefficient of skewness is 2.11. For a sample of 30 subscribers to Plan B the mean income is $61,000 with a standard deviation of $7,100. The distribution of Plan B subscribers is also positively skewed, but not as severely. The coefficient of skewness is 1.54. At the .05 significance level, is it reasonable to conclude the mean income of those selecting Plan B is larger? What is the p-value? Do the coefficients of skewness affect the results of the hypothesis test? Why?

Reference no: EM13147924

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