Question

AAC conducted a survey of customers who buy shoes at its store. It found that the...

AAC conducted a survey of customers who buy shoes at its store. It found that the average purchase amount for male customers was $35 and the average purchase amount for female customers was $31. The standard deviation of the shoe purchases for men was $8, while for women, the standard deviation was $4.

What does this information tell you about the purchasing habits of men and women who buy shoes at the store?

Math   Statistics-And-Probability   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
According to a survey, only 15% of customers who visited the web site of a major...
According to a survey, only 15% of customers who visited the web site of a major retail store made a purchase. Random samples of size 50 are selected. (a) What is the average of all the sample proportions of customers who will make a purchase after visiting the web site? (b) What is the standard deviation of all the sample proportions of customers who will make a purchase after visiting the web site? (c) What proportion of the samples will...
Two supermarket owners each claim that more customers enter their store than the other’s store. Survey...
Two supermarket owners each claim that more customers enter their store than the other’s store. Survey was taken and it was found that in 60 days an average of 810 people per day entered the first store with a standard deviation of 40 people. A corresponding survey found that in 80 days an average of 800 people per day entered the second store with a standard deviation of 30 people. State the hypothesis if this is a two-tailed test.(3pts) Conduct...
Q67 A grocery store owner has found that a sample of customers purchased an average of...
Q67 A grocery store owner has found that a sample of customers purchased an average of 3.0 pounds of luncheon meats in the past week, with a sample standard deviation of 0.5 lb. [2 Marks] (a) If the store’s meat scale is off by 0.1 lb (e.g., a purchase listed as 1 lb actually weighs 1.1 lb), what will be the values of the sample mean and standard deviation after the owner corrects his data for the weighing error? (b)...
Best Buy offers warranty packages on all the new televisions it sells nationwide.  60% of all customers...
Best Buy offers warranty packages on all the new televisions it sells nationwide.  60% of all customers who purchase new televisions purchase the warranty as well.  I would like to know if the same average of people in Michigan purchase the warranty, so I decide to take a survey of 100 Best Buy customers from local stores. 1.      What proportion of customers would you expect to purchase the warranty? 2.      What is the Standard Deviation of the sample proportion? 3.      What shape would you expect...
Business Week conducted a survey of graduates from 30 top MBA programs (Business Week, September 22,...
Business Week conducted a survey of graduates from 30 top MBA programs (Business Week, September 22, 2003). The survey found that the average annual salary for male and female graduates 10 years after graduation was $168,000 and $117,000, respectively. Assume the population standard deviation for the male graduates is $40,000, and for the female graduates it is $25,000. When calculating values for z, round to two decimal places. What is the probability that a simple random sample of 40 male...
A market research director at XYZ Apparels wants to study women’s spending on apparels. A survey...
A market research director at XYZ Apparels wants to study women’s spending on apparels. A survey of the store’s credit card holders is designed in order to estimate the proportion of women who purchase their apparels primarily from XYZ apparels and the mean yearly amount of money that women spend on apparels. A previous survey found that the standard deviation for the amount women spend on apparels in a year is approximately $35. a. What sample size is needed to...
The ABC EuroTrip Inc. conducted a 2019 survey of 18,000 passengers who have made a trip...
The ABC EuroTrip Inc. conducted a 2019 survey of 18,000 passengers who have made a trip to Europe in 2018. They found that the average travel cost of a trip to Europe is $2,858. Assume that the cost of a trip to Europe is normally distributed with a mean of $2,858 and a standard deviation of $360. a. What is the probability that the costs of a Europe trip is less than $2,000? b. What is the probability that a...
The ABC EuroTrip Inc. conducted a 2019 survey of 18,000 passengers who have made a trip...
The ABC EuroTrip Inc. conducted a 2019 survey of 18,000 passengers who have made a trip to Europe in 2018. They found that the average travel cost of a trip to Europe is $2,858. Assume that the cost of a trip to Europe is normally distributed with a mean of $2,858 and a standard deviation of $360. a. What is the probability that the costs of a Europe trip is less than $2,000? b. What is the probability that a...
1. Running On Carla Gomez is the owner of Running On—a retail store that sells shoes...
1. Running On Carla Gomez is the owner of Running On—a retail store that sells shoes and accessories to runners. Carla is trying to decide what she should do with her retail business and how committed she should be to her current target market. Carla started Running On retail store in 1994 when she was only 24 years old. At that time, she was a nationally ranked runner and felt that the growing interest in jogging offered real potential for...
Background Information: Zappos is reviewing whether it should buy exclusive rights to get premium placement advertising...
Background Information: Zappos is reviewing whether it should buy exclusive rights to get premium placement advertising on Facebook. Zappos has recently conducted an advertising test with Facebook in order to determine the effectiveness of Facebook advertising. Zappos has analyzed the Facebook advertising results and determined the profile of people who buy Zappos shoes after seeing the ads on Facebook. At the launch of the agreement, Zappos is expected to make an upfront payment of $25 million to Facebook. In addition,...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT