Do women spend more on average on haircuts then men? Someone took random sample of men and women at UF and asked them how much they had spent on their last hair cut. A portion of Minitab output appears below. Determine the best interpretation of the output below?
Difference = mu (F) - mu (M)
T-Test of difference = 0 (vs not >): T-Value = 3.82 P-Value = 0.000 DF = 68
A. With a p-value equal to 0.000, there is no statistically significant evidence of a difference in average amount of money spent on hair cuts between men and women at UF.
B. With a p-value equal to 0.000, there is statistically significant evidence of a difference in average amount of money spent on hair cuts between men and women at UF.
C. With a p-value equal to 0.000, there is statistically significant evidence that the average amount of money spent on hair cuts for women is higher than it is for men.
D. With a p-value equal to 0.000, there is statistically significant evidence that the average amount of money spent on hair cuts for men is higher than it is for women.