State the null and the alternative hypothesis if you want


According to a recent study, when shopping online for luxury goods, men spend a mean of $ 2401 whereas women spend a mean of $ 1527. The study was based on a sample of 600 men and 700 women, and the standard deviation of the amount spent was $ 1200 for men and $ 1000 for women.

a) State the null and the alternative hypothesis if you want to determine whether the mean amount spent is higher for men than for women.

b) At the 0.01 level of significance, is there evidence that the mean amount spent is higher for men than for women?

Request for Solution File

Ask an Expert for Answer!!
Other Subject: State the null and the alternative hypothesis if you want
Reference No:- TGS0603080

Expected delivery within 24 Hours