In: Statistics and Probability
ANOVA
Perform/Document 7-step hypothesis testing process for the following question:
Is there significant evidence to suggest that the type of customer has an effect on the average daily amount of money spent? What’s the effect or nature of a relationship?
Customer Type |
Average spending |
Sample Standard Deviation |
Sample size |
Contract |
87.8409 |
33.997 |
3413 |
Group |
87.3036 |
36.222 |
3900 |
Transient |
106.136 |
49.919 |
78960 |
Population SD |
49.919 |
||
Population average spending |
106.134 |
Null:There is no statistically significant relationship between the type of customer and the daily average amount spent.
Alternative: There is a statistically significant relationship between the type of customer and the daily average amount spent.
Let α=.01
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Will give thumbs up for quality timely answer. Need help comparing to my answers because I am unsure and want to make sure they are right. Thanks