A Market Researcher Is Studying the Spending Habits of People

question 88

Multiple Choice

A market researcher is studying the spending habits of people across age groups. The amount of money spent by each individual is classified by spending category (Dining out, Shopping, or Electronics) and generation (Gen-X, Gen-Y, Gen-Z, or Baby Boomers) . The data and an incomplete ANOVA table are shown below. The p-value for the test about the interaction term is ________.

• A) less than 0.01
• B) between 0.01 and 0.025
• C) between 0.025 and 0.05
• D) greater than 0.05

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Definitions:

Below

A term used to indicate a position lower than a specific reference point.

Deficient

Lacking in some essential component or quality, often related to nutrition, elements, or resources.

Abbreviation

A shortened form of a word or phrase.

Path

A track or way worn by foot traffic or formed by animal or human passage.