. Mr. Ankit is working as a research analyst in the Bigger Bazar Store Chain and wants to test the assumption that money
Posted: Sun Oct 03, 2021 3:35 pm
. Mr. Ankit is working as a research analyst in the Bigger Bazar
Store Chain and wants to test the assumption that money spent by
the customers in any of its stores is normally distributed. This
assumption is very important because he plans to conduct the study
ANOVA to determine whether average money spent on any store in the
chain is equal. A random sample of 100 shoppers reveals that the
average spending is $125 with SD $40. These samples estimates the
population parameters. (Use Chebyshev’s Rule for breakdowns)
Store Chain and wants to test the assumption that money spent by
the customers in any of its stores is normally distributed. This
assumption is very important because he plans to conduct the study
ANOVA to determine whether average money spent on any store in the
chain is equal. A random sample of 100 shoppers reveals that the
average spending is $125 with SD $40. These samples estimates the
population parameters. (Use Chebyshev’s Rule for breakdowns)