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SCENARIO 10-16-B
A survey on men and women's shopping behavior collected data from a sample of 50 men and 50
women. The following data on online shopping spending every month are stored in the file
Scenario10-16-DataB.XLSX. Treat the men as population 1 and the women as population 2.
-Referring to Scenario 10-16-B, suppose α = 0.05. What should be your decision on rejecting
or not rejecting the null hypothesis on testing whether there is evidence of a difference in the
variances?
Population Parameter
A characteristic or measure that describes an aspect of an entire population, such as mean or standard deviation.
Sampling Distribution
A distribution showing the chances of different outcomes for a statistic, which is generated from a significant amount of samples from a certain population.
Sample Size
The number of individuals or observations used in a sample to estimate characteristics of an entire population.
Point Estimate
A single value given as an estimate of a population parameter that is unknown.
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