A survey was conducted to investigate the usage of Islamic banking products among Muslim consumers in a particular country. The sample consisted of 1000 Muslim consumers, with 600 (250 male & 350 female) respondents indicating that they used Islamic banking products and 400 respondents (180 male & 220 female) indicating that they did not use such products. a) Using a significance level of 0.05, can we conclude that there is a difference between genders in using Islamic banking products? b) What is your recommendation to the Islamic banks about their marketing strategy based on the experiment?.

MATLAB: An Introduction with Applications
6th Edition
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Author:Amos Gilat
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QUESTION TWO
|
A survey was conducted to investigate the usage of Islamic banking products among
Muslim consumers in a particular country. The sample consisted of 1000 Muslim
consumers, with 600 (250 male & 350 female) respondents indicating that they used
Islamic banking products and 400 respondents (180 male & 220 female) indicating
that they did not use such products.
a) Using a significance level of 0.05, can we conclude that there is a difference
between genders in using Islamic banking products?
b) What is your recommendation to the Islamic banks about their marketing strategy
based on the experiment?.
Transcribed Image Text:QUESTION TWO | A survey was conducted to investigate the usage of Islamic banking products among Muslim consumers in a particular country. The sample consisted of 1000 Muslim consumers, with 600 (250 male & 350 female) respondents indicating that they used Islamic banking products and 400 respondents (180 male & 220 female) indicating that they did not use such products. a) Using a significance level of 0.05, can we conclude that there is a difference between genders in using Islamic banking products? b) What is your recommendation to the Islamic banks about their marketing strategy based on the experiment?.
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