Using given level of significance what conclusion you reach

Assignment Help Basic Statistics
Reference no: EM131405529

The International Council of Shopping Centers reports that the average teenager spends $39 during a shopping trip to the mall. The promotions director of a local mall has used a variety of strategies to attract area teens to his mall, including live bands and "teenappreciation days" that feature special bargains for this age group.

He believes teen shoppers at his mall respond to his promotional efforts by shopping there more often and spending more when they do. Mall management decides to evaluate the promotions director's success by surveying a simple random sample of 45 local teens and finding out how much they spent on their most recent shopping visit to the mall.

The results are listed in data file XR10056. Use a suitable hypothesis test in examining whether the mean mall shopping expenditure for teens in this area might be higher than for U.S. teens as a whole.

Identify and interpret the p-value for the test. Using the 0.025 level of significance, what conclusion do you reach?

Reference no: EM131405529

Questions Cloud

What reasons might correctional institutions have to map : The problem of additional health-related diseases will arise in the prison system. There will be more HIV, more tuberculosis, and other communicable diseases. Pick a position on the question of mapping inmates for genetic predisposition to a spe..
Four basic types of market structures : Although there are many different examples of economies in the world, all of them demonstrate one or more of the four basic types of market structure. For this assignment, in your own words
Will the appreciation of exchange rates affect transaction : Did they have to purchase stock of a company? Will they owe significant monies due to the foreign exchange deal? Will this affect their cash flow? Will the appreciation or depreciation of exchange rates affect their transaction?
Understanding of the property rights : The sons were very upset regarding their father's Will. They thought that he was not fair in distributing his assts." Based on your understanding of the Property Rights, what can the sons do to get a fair share of their father's property? Discuss the..
Using given level of significance what conclusion you reach : The International Council of Shopping Centers reports that the average teenager spends $39 during a shopping trip to the mall.- Identify and interpret the p-value for the test. Using the 0.025 level of significance, what conclusion do you reach?
What is smart perimeter mapping : You are the warden of a new maximum security prison and would like to have smart perimeters installed, but the state is in the middle of cut backs on the budget. You must write a proposal to the state legislature and explain the following : What s..
Contrast differences between stock dividend and stock split : From the e-Activity, contrast the differences between a stock dividend and a stock split. Imagine that you are a stockholder in a company.
Export subsidy in place : Draw a diagram of the small-country market for sugar under free trade, and with the export subsidy in place.
What would he or she prepare for the criminal investigator : Discuss the role and responsibility of the first officer on the scene before the investigators arrive.What would he or she prepare for the criminal investigator?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd