Question

In: Statistics and Probability

A consulting company was tasked with identifying which market segment would be more profitable, labeled as...

A consulting company was tasked with identifying which market segment would be more profitable, labeled as Segment A or Segment B. A survey was created showing a product to the two different segments, and respondents were asked to rate the product on a scale from 1 to 10 (1 worst, 10 best). Use data from "segment" sheet.

Which of the following are correct? More than one answer is possible.

Market segment A was higher than market segment B, on average, although it was not statistically significant.

The p-value was 0.1217

The p-value used was 0.10

Market segment B was higher than market segment A, on average, although it was not statistically significant.

Segment Product Rating
A 6
A 5
A 2
A 2
A 10
A 9
A 9
A 8
A 6
A 9
A 6
A 5
A 8
A 10
A 4
A 9
A 4
A 2
A 4
A 5
A 8
A 6
A 7
A 7
A 4
A 7
A 7
A 6
A 7
A 10
B 8
B 1
B 3
B 7
B 6
B 5
B 4
B 1
B 7
B 2
B 1
B 7
B 9
B 2
B 1
B 4
B 7
B 1
B 9
B 9
B 8
B 4
B 10
B 5
B 10
B 10
B 10
B 3
B 1
B 2

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