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Food for Fork - Statistics Case Study

Satisfactory Essays

Food for Fork Case Study by Tony Mayer 1. Is the average amount that people are willing to pay for an entrée less than the forecast value of $19? 2.1. Null and alternate hypotheses H0: Average amount people are willing to pay for entrée = $19 HA: Average amount people are willing to pay for entrée < $19 2.2. Statistical technique chosen to test the hypothesis One sample t-test 2.3. Summary of the nature (characteristics) of the test selected 2.4. SPSS Test One-Sample Statistics | | N | Mean | Std. Deviation | Std. Error Mean | What would you expect an average evening meal to be priced? | 400 | $19.2300 | $7.55943 | $0.37797 | One-Sample Test | | Test Value = 19 | | t | df …show more content…

The mean preference for elegant décor (3.64) is higher than the mean preference for simple décor (2.26). The mean difference (-1.380) was statistically significant (p-value=0.000). Therefore we can reject the null hypothesis and accept the alternative. 4.27. Non-statistical interpretation There is a difference between décor preferences. There is a higher preference for elegant décor. 4. Is there a difference in the mean amount spent in restaurants each month across people with different marital status? If the groups are different, which category (or categories) of material status spend the most? 5.28. Null and alternate hypotheses H0: Single mean spent = Married mean spent = Other mean spent HA: At least one is different 5.29. Statistical technique chosen to test the hypothesis One-way ANOVA 5.30. Summary of the nature (characteristics) of the test selected 5.31. SPSS Test Descriptives | How many total dollars do you spend per month in restaurants (for your meals only)? | | N | Mean | Std. Deviation | Std. Error | 95% Confidence Interval for Mean | Minimum | Maximum | | | | | | Lower Bound | Upper Bound | | | Single | 146 | $180.8904 | $30.42280 | $2.51781 | $175.9141 | $185.8668 | $101.00 | $240.00 | Married | 175 | $232.6114 | $29.87614 | $2.25842 | $228.1540 | $237.0689 | $174.00 | $301.00 | Other

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