Statement of a problem № m40739


As the number of air travelers with time on their hands increases, it would seem that spending on retail purchases in airports would increase as well. A study by Airport Revenue News addressed the per-person spending at selected airports for merchandise, excluding food, gifts, and news items. A file titled Revenues contains sample data selected from airport retailers in 2005 and again in 2008. a. Conduct a hypothesis test to determine if the average amount of retail spending by air travelers has increased as least as much as approximately $0.10 a year from 2005 to 2008. Use a significance level of 0.025. b. Using the appropriate analysis (that of part a or other appropriate methodology), substantiate the statement that average retail purchases in airports increased over the time period between 2005 and 2008. Support your assertions.

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