Question

A retailer maintains a Web site that it uses to attract shoppers. The average purchase amount is $80. The retailer is evaluating a new Web site that would, it hopes, encourage shoppers to spend more. The retailer collects information from 36 customers who used the new Web site. Their average spending is $86 with a standard deviation of $3. Assume now that the retailer calculated the test statistic for the test of hypothesis used to determine the profitability of the new design to be equal to 15 (this value does not necessarily equal the value you calculated in a previous question). What is the approximate corresponding p-value?

_____________

A.) 0.01

B.) 0.05

C.) more than 0.9995

D.) more than 0.01

E.) less than 0.0005

F.) more than 0.0005

Answer 1

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