Exhibit 13.8 A market researcher is studying the spending habits of people across age groups.The amount of money spent by each individual is classified by spending category (Dining out,Shopping or Electronics)and generation (Gen-X,Gen-Y,Gen-Z or Baby Boomers).The data and an incomplete ANOVA table are shown below. Refer to Exhibit 13.8.At the 5% significance level,the conclusion for the hypothesis test about the interaction term is:

Question

Exhibit 13.8 A market researcher is studying the spending habits of people across age groups.The amount of money spent by each individual is classified by spending category (Dining out,Shopping or Electronics)and generation (Gen-X,Gen-Y,Gen-Z or Baby Boomers).The data and an incomplete ANOVA table are shown below.   Refer to Exhibit 13.8.At the 5% significance level,the conclusion for the hypothesis test about the interaction term is:

Quizplus · Accepted Answer

The p-value for the interaction term is less than the 5% significance level (0.029 < 0.05), so we reject the null hypothesis and conclude that there is evidence of an interaction effect between spending category and generation.