Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. in a consumer research study, several meijer and w

In a consumer research study, several Meijer and Walmart stores were surveyed at random and the...

90.2K

Verified Solution

Question

Basic Math

In a consumer research study, several Meijer and Walmart storeswere surveyed at random and the average basket price was recordedfor each. You wish to determine if the average basket price forMeijer is different from the average basket price for Walmart. Itwas found that the average basket price for 18 randomly chosenMeijer stores (group 1) was $49.451 with a standard deviation of$12.3146. Similarly, a random sample of 25 Walmart stores (group 2)had an average basket price of $56.847 with a standard deviation of$13.7821. Perform a two independent samples t-test on thehypotheses Null Hypothesis: ?1 = ?2,Alternative Hypothesis: ?1 ? ?2. What is thetest statistic and p-value of this test? You can assume that thestandard deviations of the two populations are statisticallysimilar.

Question 14 options:

1)

Test Statistic: -1.813, P-Value: 0.9615

2)

Test Statistic: -1.813, P-Value: 0.0385

3)

Test Statistic: -1.813, P-Value: 1.9615

4)

Test Statistic: -1.813, P-Value: 0.077

5)

Test Statistic: 1.813, P-Value: 0.077

Answer & Explanation Solved by verified expert
4.2 Ratings (543 Votes)
    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Geometry
1.2K views

A planter shaped like a rectangular prism has a length of 4 meters a width...

Advance Math
1.2K views

Let n greater than or equal to 2 and let k1,...,kn be positive integers. Recall that...

Statistics
1.2K views

What is the “Prime Rate-1 Month Prior” for the following Countries: Canada- 2.45 United States-3.25 United Kingdom-0.66 European Central Back Japan What...

Advance Math
1.2K views

12

Biology
1.2K views

Question 15 If the recombination frequency between P and O is 7 4 and between...

Calculus
1.2K views

The terminal side of an angle 8 in standard position intersects the unit circle at(-12/13,-5/13)What...

Accounting
1.2K views

a company issued 11%, 10 year bonds with a par value of $3,700,000. Interest is...

Accounting
1.2K views

You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage...

Accounting
1.2K views

hello, I need a clear and sufficient definition with the references for: 1- Wehrl entropy....

Accounting
1.2K views

Police plan to enforce speed limits near the local elementary school by using radar traps...

Accounting
1.2K views

2. Donated Art works I. are recorded at the fair value at date of donation...

Finance
1.2K views

Interest Earned. Claire has invested $6,000 in a 15-month CD that pays an annualized rate...