A national clothing company believes there is a negative relationship between the average family income with average ord
Posted: Wed Jul 06, 2022 12:08 pm
A national clothing company believes there is a negativerelationship between the average family income with average ordersize. The clothing company collected data from a sample ofretail outlets. A summary of the results is below. Whatcan the company conclude with 𝛼 = 0.10?n = 24
−
= 966575
−
= 2300
−
= 19803
a) Select and compute the appropriatestatistic.=b) Obtain/compute the appropriate values to make adecision about H0.Critical Value = ; Test Statistic =Decision:c) Compute the corresponding effect size(s) andindicate magnitude(s).If not appropriate, input and/or select "na" below.Effect Size = ; Magnitude:d) Make an interpretation based on theresults.
There was a significant positive relationship between averageorder size and average family income.
There was a significant negative relationship between averageorder size and average family income.
There was no significant relationship between average order sizeand average family income.
−
= 966575
−
= 2300
−
= 19803
a) Select and compute the appropriatestatistic.=b) Obtain/compute the appropriate values to make adecision about H0.Critical Value = ; Test Statistic =Decision:c) Compute the corresponding effect size(s) andindicate magnitude(s).If not appropriate, input and/or select "na" below.Effect Size = ; Magnitude:d) Make an interpretation based on theresults.
There was a significant positive relationship between averageorder size and average family income.
There was a significant negative relationship between averageorder size and average family income.
There was no significant relationship between average order sizeand average family income.