The null hypothesis is that the mean price paid by younger customers (µ1) will not be as high as the price paid by older customers (µ2). The alternative hypothesis is that younger customers spend more on average than their older counterparts.
Do a two sample test.
The solution provides step by step method for the calculation of T test for Whitner Autoplex Data Set . Formula for the calculation and Interpretations of the results are also included. Interactive excel sheet is included. The user can edit the inputs and obtain the complete results for a new set of data.