ANOVA
Perform/Document 7-step hypothesis testing process forthe following question:
Is there significant evidence to suggest that the typeof customer has an effect on the average daily amount of moneyspent? What’s the effect or nature of a relationship?
Customer Type | Average spending | Sample Standard Deviation |
Contract | 87.8409 | 33.997 |
Group | 87.3036 | 36.222 |
Transient | 106.136 | 49.919 |
Null:There is no statistically significant relationshipbetween the type of customer and the daily average amountspent.
Alternative: There is a statistically significantrelationship between the type of customer and the daily averageamount spent.
Let α=.01
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