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Maslowich
3 years ago
14

On average, do women spend more on haircuts than men? Someone took a random sample of men and women at UF and asked them how muc

h they had spent on their last hair cut. A portion of the Minitab output appears below. What is the best interpretation of the output below? Difference = mu (F) - mu (M) T-Test of difference = 0 (vs >): T-Value = 3.82 P-Value = 0.000 DF = 68A. 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."
Business
1 answer:
Monica [59]3 years ago
5 0

Answer:

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.

Explanation:

The P-value, compared to the level of significance, gives us the information to decide if there is statistical evidence or not.

If the P-value is smaller than the level of siginificance, the effect is significant. In this case, with P-value=0.000, it is smaller than any level of significance and we can conclude that there is statistical evidence that there is a difference in the average amount of money spent on haircuts between women and men at UF.

In the output, we have that the t-value is positive. If the Difference is defined as: mu(Female) - mu(Male), we know that the mean spending is higher for women than for men.

Also, the alternative hypothesis is defined as "mu(Female) - mu(Male)>0".

With these, we can conclude the answer is Option C.

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A firm that is threatened by the potential entry of competitors into a market builds excess production capacity. this is an example of <u>a credible threat.</u>

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A credible threat is one in which there is a real possibility that the member may soon do serious physical harm to other people (including death), and that possibility cannot be completely eliminated by changing any existing rules, norms, or practices.

A system holding State data or a product delivered by the Consultant that has an exploit that a person with knowledge of information technology security believes may be used to compromise one or more parts of the system constitutes a credible danger.

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1 year ago
Why is a savings account better than a checking account for saving money?<br> Read More &gt;&gt;
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Checking accounts are better for everyday transactions such as purchases, bill payments and ATM withdrawals. ... Savings accounts are better for storing money and earning interest, and because of that, you might have a monthly limit on what you can withdraw without paying a fee.

6 0
2 years ago
Read 2 more answers
The manufacturing overhead budget of Paparella Corporation is based on budgeted direct labor-hours. The November direct labor bu
Andru [333]

Answer:

The answer for question A is $ 70,200

The answer for question B is $ 15.20

Explanation:

A.

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Variable overhead rate = $2.00

Variable manufacturing overheads = 6000 x $2 = $ 12,000

Fixed manufacturing overhead = $ 79,200

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Cash disbursement of manufacturing overhead for November = total manufacturing overheads - Depreciation

= $91,200 - $ 21,000 = $ 70,200

B.

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3 0
3 years ago
A manufacturer of triaxial accelerometers wants to have $2,800,000 available 10 years from now so that a new product line can be
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Calculation of equal amount to deposit each year to get the future amount:


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In order to find out the equal amount to deposit each year we need to calculate the annuity using the future value of annuity formula as follows;

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8 0
3 years ago
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Answer:

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