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Recently a survey was conducted involving customers of a fitness center in Dallas, Texas. Participants were asked to indicate how often they use the club by checking one of the following categories: 0-1 time per week; 2-3 times per week; 4-5 times per week; more than 5 times. The following data show how males and females responded to this question. One of the purposes of the survey was to determine whether there is a relationship between the gender of the customer and the number of visits made each week. a. State the appropriate null and alternative hypothesis. b. What test procedure is appropriate to use to conduct this test? c. Conduct the hypothesis test using an alpha = .05 level.
Joint Monthly Profit
The combined profit earned by two or more partners or businesses in a single month.
Cartel
An organization of sellers designed to coordinate supply and price decisions so that the joint profits of the members will be maximized. A cartel will seek to create a monopoly in the market for its product.
Monopolist
A single seller in a market who has significant control over the price and supply of a product or service.
AVC
Average Variable Cost; the total variable costs of production divided by the quantity of output produced.
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