The most appropriate technique to establish whether the average price of a Bacardi Breezer is higher than €5 is …?
A)An independent samples t-test.
B)A one sample t-test.
C)A paired samples t-test.
D)ANOVA.

Question

Quizplus · Accepted Answer

A one sample t-test is the most appropriate technique as it compares the average price of Bacardi Breezers to a specific value (in this case, €5). An independent samples t-test would be used to compare two different groups (e.g. Bacardi Breezers vs. Smirnoff Ice), a paired samples t-test would be used to compare two related groups (e.g. before and after a price increase), and ANOVA would be used to compare the means of three or more groups.

The Most Appropriate Technique to Establish Whether the Average Price