Purchase Solution

State the null hypothesis & explain the type of test to run

Not what you're looking for?

Ask Custom Question

Please state the null hypothesis and explain the type of test to run.

1) You are interested in understanding whether the average Lifetime Value (the net present value of all the transaction expected from a customer) for the customers in the Florida is significantly different from those in California. You suspect that the California LTV (Lifetime value) would be higher than in Florida. In order to test this hypothesis, you pick 10 customers each in the California and Florida and record their LTV (in dollars). State the appropriate hypothesis.
Use α =0.05

Purchase this Solution
Solution Summary

Appropriate Hypothesis stated and type of test to run indicated in the solution.

Solution Preview

The hypotheses are:

Ho: California LTV (Lifetime value) is the same as that in Florida

Ha: ...

Purchase this Solution
Free BrainMass Quizzes
Know Your Statistical Concepts

Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.

Measures of Central Tendency

Tests knowledge of the three main measures of central tendency, including some simple calculation questions.

Measures of Central Tendency

This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.

Terms and Definitions for Statistics

This quiz covers basic terms and definitions of statistics.

View More Free Quizzes
Related BrainMass Solutions

  • Hypothesis testing for job satisfaction: Gender and Position type

    TEST #2 Extrinsic variable by Position Type State the null and an alternate statement for the test Use Microsoft Excel (Data Analysis Tools) to process your data and run the appropriate test.

  • Hypothesis Tests in Excel

    TEST #2 -Extrinsic variable by Position Type -State the null and an alternate statement for the test -Use Microsoft Excel (Data Analysis Tools) to process your data and run the appropriate test.

  • Hypothesis Testing

    TEST #2 Perform the following two-tailed hypothesis test, using a .05 significance level: -Extrinsic variable by Position Type -State the null and an alternate statement for the test -Use Microsoft Excel (Data Analysis Tools) to process your

  • Hypothesis Testing

    111949 Provide 3 examples of each type of hypothesis you will run into Item 1: One- tail (upper): Explain the problem you would test for (make up numbers) and state the hypotheses in both numeric and narrative form.

  • Which yogurt should have highest amount of space

    364769 Which yogurt should have highest amount of space Please state the hypothesis (statistically) and explain the type (the name) of test I need to run.

  • Using AIU's survey: Intrinsic by Gender, null, test statist

    TEST #2 Perform the following two-tailed hypothesis test, using a .05 significance level: â?¢Extrinsic variable by Position Type â?¢State the null and an alternate statement for the test â?

  • Hypothesis Testing: Intrinsic by Gender & Extrinsic by Position

    TEST #2 - Extrinsic by position - State the null and an alternate statement for the test - Use Microsoft Excel (Data Analysis Tools) to process your data and run the appropriate test.

  • Hypothesis Testing:Intrinsic by Gender&Extrinsic by Position

    ¬¢ Identify the significance level, the test statistic, and the critical value. ââ?¬¢ State whether you are rejecting or failing to reject the null hypothesis statement. TEST #2 ââ?¬¢ Extrinsic variable by Position Type ââ?

  • Various Statistical Analyses

    (You do not need to show all of the details, but identify/state some intermediate results.) (g) What is your statistical decision for this test? (Reject the null hypothesis or not?) Briefly explain.

View More Related Solutions