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Data analysis toolpack

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PROBLEM:

To answer this question, use the Data Analysis Toolpack in Excel and select “t-Test: Two-Sample

Assuming Equal Variances” from the list of available tools. Explain your answer (how did you decide if

men spend more) and include the output table.

 

Some studies have shown that in the United States, men spend more than women buying gifts and cards on Valentine’s Day. Suppose a researcher wants to test this hypothesis by randomly sampling nine men and 10 women with comparable demographic characteristics from various large cities across the United States to be in a study. Each study participant is asked to keep a log beginning one month before Valentine’s Day and record all purchases made for Valentine’s Day during that one-month period. The resulting data are shown below. Use these data and a 1% level of significance to test to determine if, on average, men actually do spend significantly more than women on Valentine’s Day. Assume that such spending is normally distributed in the population and that the population variances are equal.

Men                Women

107.48             125.98

143.61              45.53

90.19                56.35

125.53              80.62

70.79                46.37

83.00                 44.34

129.63              75.21

154.22               68.48

93.80                85.84

                          126.11

The following pages shows the answered I received with clear process, solutions and comparisons, but instead putting 9 men entries and 10 women; he put it opposite.  Please correct entries and results. 

 

The observations are wrong there are 9 men and 10 women

t-Test: Two-Sample Assuming Equal Variances            

 

 

 

 

Men

Women

Mean

112.436

69.85778

Variance

759.9333378

691.0798

Observations

10

9

Pooled Variance

727.5316939

 

Hypothesized Mean Difference

0

 

Df

17

 

t Stat

3.4356271

 

P(T<=t) one-tail

0.001577404

 

t Critical one-tail

1.739606716

 

P(T<=t) two-tail

0.003154808

 

t Critical two-tail

2.109815559

 

 

 

 

 

 

 

 

 

 

 

 

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[Solved] data analysis toolpack

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  • Submitted On 25 Nov, 2015 03:48:37
Answer posted by
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PROBLEM: To answer this question, use the Data Analysis Toolpack in Excel and select “t-Test: Two-Sample Assuming Equal Variances” from the list of available tools. Explain your answer (how did you decide if men spend more) and include the output table. Some studies have shown that in the United States, men spend more than women buying gifts and cards on Valentine’s Day. Suppose a researcher wants to test this hypothesis by randomly sampling nine men and 10 women with comparable demogr...
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