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An analyst is interested on comparing two audiences: men, ages 25-34 and men, ages 35-44. The brand wants to know if the older male customers spend more money on average than the younger male customers. The analyst collected random samples of 250 older customers and 220 younger customers and analyzed their shopping baskets. On average, younger men spend $102.23, and older men spend $86.46.
Additional statistics are shown below.
Which conclusion should the analyst make based on this data?
- A . Using a 90% level of confidence, there is insufficient evidence for the analyst to conclude that there is any difference between younger and older customers.
B. Using a 10% level of confidence, there is sufficient evidence for the analyst to conclude that younger customers on average spend more than older male customers.
C. Using a 10% level of confidence, there is insufficient evidence for the analyst to conclude that there is any difference between younger and older customers.
D. Using a 90% level of confidence, there is sufficient evidence for the analyst to conclude that younger customers on average spend more than older male customers.
Suggested Answer: A
Posted : 18/01/2023 11:44 pm