State the null and the alternative hypothesis

Reference no: EM13264366

According to a recent study, when shopping online for luxury goods, men spend a mean of $ 2401 whereas women spend a mean of $ 1527. The study was based on a sample of 600 men and 700 women, and the standard deviation of the amount spent was $ 1200 for men and $ 1000 for women.

a) State the null and the alternative hypothesis if you want to determine whether the mean amount spent is higher for men than for women.

b) At the 0.01 level of significance, is there evidence that the mean amount spent is higher for men than for women?

Reference no: EM13264366

Questions Cloud

Mission-vision and values : Choose a healthcare organization and review the mission statement for the selected organization. Determine two characteristics or components of the mission statement that you believe are most aligned with the organization's directional strategy. Just..

Which power bases lie within the individual : Which power bases lie within the individual? Which are derived from the organization? How are power and politics related? How do emerging leadership theories support innovation and entrepreneurial spirit within organizations?

Economy evolved from a agro-export economy : How did central american economy evolved from a agro-export economy to one that is now based on manufacturing a product of free trade?

What is the expected rate of return on the market : You own a stock that has an expected return of 16.48 percent and a beta of 1.33. the u.s. treasury bill is yielding 3.65 percent and the inflation rate is 2.95 percent. what is the expected rate of return on the market?

State the null and the alternative hypothesis : State the null and the alternative hypothesis if you want to determine whether the mean amount spent is higher for men than for women. At the 0.01 level of significance, is there evidence that the mean amount spent is higher for men than for women?

The elements of the tort of negligence include : Bonnie steals some very expensive cooking equipment from a restaurant supply store. Bonnie has committed the intentional tort of. The elements of the tort of negligence include. A corporation likely has ethical duties to. The Fourteenth Amendment inc..

New sandwich tentatively named mcfish : McDonald's wants to introduce a new sandwich tentatively named McFish. To test the feasibility of this new product concept, McDonald's needs to conduct market research. If the market favors the concept, then McFish would be a candidate for further bu..

What is the standardized morbidity ratio : For the two populations below, calculate and compare the crude death rates. Then age-adjust population B using population A as the standard. Compare the death rates again. Indicate which comparison is more meaningful. Use a rate base of 1,000.

Blocking actions a legitimate exercise of the senate''s power : Under both President Bill Clinton and President George W. Bush, members of the opposition party in the Senate often blocked the president's nominations to district and circuit courts. Under what circumstances are such blocking actions a legitimate ex..

User Account

All Pages