Solved

A Survey Was Recently Conducted to Determine If Consumers Spend

Question 21

Essay

A survey was recently conducted to determine if consumers spend more on computer-related purchases via the Internet or store visits. Assume a random sample of eight respondents provided the following data on their computer-related purchases during a 30-day period. Using a .05 level of significance, can we conclude that consumers spend more on computer-related purchases by way of the Internet than by visiting stores?

 Expenditures (dollars)  Respondent  In-Store  Internet 11322252902431199541655585136248105764578490\begin{array}{l}\begin{array} { c c c } &\text { Expenditures (dollars) }\\\text { Respondent } & \text { In-Store } & \text { Internet } \\1 & 132 & 225 \\2 & 90 & 24 \\3 & 119 & 95 \\4 & 16 & 55 \\5 & 85 & 13 \\6 & 248 & 105 \\7 & 64 & 57 \\8 & 49 & 0\end{array}\end{array}

Correct Answer:

verifed

Verified

t = 1.12 < 1.89, p-v...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents