Question

A marketing researcher wants to estimate the mean amount spent per year ($) on a web site by membership member shoppers. Suppose a random sample of 130 membership member shoppers who recently made a purchase on the web site yielded a mean amount spent of $59 and a standard deviation of $52. Complete parts (a) and (b) below. Identify the critical value(s). The critical value(s) is/are (Type an integer or a decimal. Round to two decimal places as needed. Use a comma to separate answers as needed.) Determine the test statistic. The test statistic, STAT, is (Type an integer or a decimal. Round to two decimal places as needed.) State the conclusion. $H_0$. There is evidence that the population mean spent by membership member customers is different from $50. b. Determine the p-value and interpret its meaning. The p-value is (Type an integer or a decimal. Round to three decimal places as needed)

          A marketing researcher wants to estimate the mean amount spent per year ($) on a web site by membership member shoppers. Suppose a random sample of 130 membership member shoppers who recently made a purchase on the web site yielded a mean amount spent of $59 and a standard deviation of $52. Complete parts (a) and (b) below.
Identify the critical value(s).
The critical value(s) is/are 
(Type an integer or a decimal. Round to two decimal places as needed. Use a comma to separate answers as needed.)
Determine the test statistic.
The test statistic, STAT, is 
(Type an integer or a decimal. Round to two decimal places as needed.)
State the conclusion.
$H_0$. There is evidence that the population mean spent by membership member customers is different from $50.
b. Determine the p-value and interpret its meaning.
The p-value is 
(Type an integer or a decimal. Round to three decimal places as needed)

A marketing researcher wants to estimate the mean amount spent per year () on a web site by membership member shoppers. Suppose a random sample of 130 membership member shoppers who recently made a purchase on the web site yielded a mean amount spent of59 and a standard deviation of 52. Complete parts (a) and (b) below.
Identify the critical value(s).
The critical value(s) is/are
(Type an integer or a decimal. Round to two decimal places as needed. Use a comma to separate answers as needed.)
Determine the test statistic.
The test statistic, STAT, is
(Type an integer or a decimal. Round to two decimal places as needed.)
State the conclusion.H0. There is evidence that the population mean spent by membership member customers is different from50.
b. Determine the p-value and interpret its meaning.
The p-value is
(Type an integer or a decimal. Round to three decimal places as needed)

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