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Multivariate Data Analysis( Short computational exercise) - Assignment Example

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From table 1 below, p-value=0.000…
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Multivariate Data Analysis( Short computational exercise)
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Test the null hypothesis that the mean willingness-to-pay for membership of the upgraded Gymnasium is at least £75, against the one-sided alternative hypothesis that the mean willingness to pay is less than £75. From table 4 below, p-value=0.095>0.05(significance level) we thus fail to reject the null hypothesis and conclude that the mean willingness-to-pay for membership of the upgraded Gymnasium is at least £75 From table 5, we see that female respondents are willing to pay a maximum of $80.

85 while the male respondents are willing to pay $68.47. Also if we consider table 6 below, we observe that the p-value=0.000

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