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According to a recent study, when shopping online for luxury goods, men spend a mean of $2,401, whereas women spend a mean of $1,527. Suppose that the study was based on a sample of 600 men and 700 females, and the standard deviation of the amount spent was $1,200 for men and $1,000 for women. Is the amount spent shopping online for luxury goods higher for men than for women? Use alpha = .05 (State the Hypothesis Scenario, calculate the test statistics or p - value and state the conclusion)
Explain the characteristics of business forecasting.
b. A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y
Apl.send me nots on hypothesis testing sk question #Minimum 100 words accepted#
As we stated above, we start factor analysis with principal component analysis, but we quickly diverge as we apply the a priori knowledge we brought to the problem. This knowled
The Tastee Bakery Company supplies a bakery product to many supermarkets in a metropolitan area. The company wishes to study the effect of shelf display height employed by the supe
Cluster Sampling Here the population is divided into clusters or groups and then Random Sampling is done for each cluster. Cluster Sampling differs from Stratified Sampl
Advantages It is especially useful in case of open-end classes since only the position and not the values of items must be known. The median is also recommended if th
Differentiate between data and database
Poisson Distribution The poisson Distribution was discovered by French mathematician simon denis poisson. It is a discrete probability distribution. Meaning : In bi
Two individuals, player 1 and player 2, are competing in an auction to obtain a valuable object. Each player bids in a sealed envelope, without knowing the bid of the other player
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