Do Men Really Spend More Money on St

Multiple Choice

Do men really spend more money on St. Patrick's Day as compared to women? A recent survey found that men spend an average of $43.87 while women spend an average of $29.54. Assume that these data were based on a sample of 100 men and 100 women and the population standard deviations of spending for men and women are $32 and $25, respectively. Using 1% confidence level, which of the following is the correct conclusion for this test?

A) Reject H₀: µ₁ − µ₂ ≤ 0 and therefore do not conclude that on average men spend more money than women on St. Patrick's Day.
B) Do not reject H₀: µ₁ − µ₂ ≤ 0 and therefore conclude that on average men spend more money than women on St. Patrick's Day.
C) Reject H₀: µ₁ − µ₂ ≤ 0 and therefore conclude that on average men spend more money than women on St. Patrick's Day.
D) Do not reject H₀: µ₁ − µ₂ ≤ 0 and therefore do not conclude that on average men spend more money than women on St. Patrick's Day.