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A Marketing Study Was Conducted to Compare the Mean Age

question 70

Multiple Choice

A marketing study was conducted to compare the mean age of male and female purchasers of a certain product. Random and independent samples were selected for both male and female
Purchasers of the product. It was desired to test to determine if the mean age of all female
Purchasers exceeds the mean age of all male purchasers. The sample data is shown here:
Female: n = 10, sample mean = 50.30, sample standard deviation = 13.215
Male: n = 10, sample mean = 39.80, sample standard deviation = 10.040
Which of the following assumptions must be true in order for the pooled test of hypothesis to be
Valid?
I. Both the male and female populations of ages must possess approximately normal probability
Distributions.
II. Both the male and female populations of ages must possess population variances that are
Equal.
III. Both samples of ages must have been randomly and independently selected from their
Respective populations.

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Definitions:

Dividend Payments

Distribution of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders.

Comparative Data

Information that is compared across different time periods, companies, or other variables to analyze performance or condition.

Investment Classification

The categorization of investments based on their characteristics, risk, and objectives.

Statement of Financial Position

A financial statement that outlines an organization's assets, liabilities, and equity at a specific point in time; commonly known as a balance sheet.