A company that manufactures tablets has information about thevariables that impact the demand for its tablets. The variablesinclude household income, price of substitute products, age,gender, education level, marital status, and number of children.Which statistical technique would be the most appropriate tocompare the buying patterns of men and women? Why?
Expert Answer
Company should use t-test.
To perform this technique, first of all, company will have togather the data. Post that, company will have to perform the factoranalysis to reduce the number of variables. After that company willhave to look into from any significant difference between the meanvalue of men and women. In
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