Based on the picture below, Did customers who charged their purchases to a Dilla

Question

Based on the picture below,

Did customers who charged their purchases to a Dillard’s credit card spend more on each transaction during the time period September 1, 2016 to September 15, 2016?

SUMMARY OUTPUT Regression Statistics MultipleR R Square Adjusted R Square Standard Error Observations 0.122531869 0.015014059 0.015011151 50.21387759 1016170 ANOVA MS Significance F Regression Residual Total 3 39055325.59 13018441.865163.111322 0 10161662562194996 2521.433502 1016169 2601250322 Lower 95% Upper 95% Lower 95.0% U r95.0% 0 26.14522362 26.35018261 -26.4595874 78.95499363 0 1.666735785 0.270960647 6.1512097957.69226E-10 1.135662043 2.197809526-271.4753052 274.8087767 0 24.38015682 25.70372439315.3269362365.4108174 0 Coefficients Standard Errort Stat 26.247703120.052286354 501.9991059 P-value Intercept 0 25.04194061 0.337650589 74.16525078 0 0 0 65535 #NUM! 0 0 0

Explanation / Answer

Here you have given the output from Ms-Excel.

We know if p-value is less than level of significance then we reject H0.

Here H0 : There is no significant differencein customers who charged their purchases to a Dillard’s credit card spend more on each transaction during the time period September 1, 2016 to September 15, 2016

Vs H1 : There is significant difference in customers who charged their purchases to a Dillard’s credit card spend more on each transaction during the time period September 1, 2016 to September 15, 2016.

Here we observe that p-value is less than alpha ( Level of significance). Therefore we reject H0.

Result : There is significant difference in customers who charged their purchases to a Dillard’s credit card spend more on each transaction during the time period September 1, 2016 to September 15, 2016.

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