Do shoppers at the mall spend more money on average the day after Thanksgiving compared to the day after Christmas? The 52 randomly surveyed shoppers on the day after Thanksgiving spent an average of $122. Their standard deviation was $29. The 59 randomly surveyed shoppers on the day after Christmas spent an average of $117. Their standard deviation was $35. What can be concluded at the αα = 0.05 level of significance? For this study, we should use The null and alternative hypotheses would be: H0:H0: H1:H1: The test statistic = (please show your answer to 3 decimal places.) The p-value = (Please show your answer to 4 decimal places.) The p-value is αα
Inverse Normal Distribution
The method used for finding the corresponding z-critical value in a normal distribution using the known probability is said to be an inverse normal distribution. The inverse normal distribution is a continuous probability distribution with a family of two parameters.
Mean, Median, Mode
It is a descriptive summary of a data set. It can be defined by using some of the measures. The central tendencies do not provide information regarding individual data from the dataset. However, they give a summary of the data set. The central tendency or measure of central tendency is a central or typical value for a probability distribution.
Z-Scores
A z-score is a unit of measurement used in statistics to describe the position of a raw score in terms of its distance from the mean, measured with reference to standard deviation from the mean. Z-scores are useful in statistics because they allow comparison between two scores that belong to different normal distributions.
Do shoppers at the mall spend more money on average the day after Thanksgiving compared to the day after Christmas? The 52 randomly surveyed shoppers on the day after Thanksgiving spent an average of $122. Their standard deviation was $29. The 59 randomly surveyed shoppers on the day after Christmas spent an average of $117. Their standard deviation was $35. What can be concluded at the αα = 0.05 level of significance?
For this study, we should use
- The null and alternative hypotheses would be:
H0:H0:
H1:H1:
- The test statistic = (please show your answer to 3 decimal places.)
- The p-value = (Please show your answer to 4 decimal places.)
- The p-value is αα
- Based on this, we should the null hypothesis.
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