Overview :
The goal is to determine whether customers of Warren Maritime Farms are more likely to use cash than Rockland Maritime Farms.
The data was collected on Sunday, November 28th. It was collected from both the Rockland and Warren Maritime Farms.
The data was obtained from a summary report generated by Maritime Farms CRM at each store. Overview
Data Gathered :
Data Gathered
Test Hypothesis :
In the Warren trial customers made 264 cash transactions out of 393 total transactions. In the Rockland trial customers made 286 cash transaction out of 521 total transactions. We are testing the claim that Maritime Farms customers prefer to use cash in Warren more often than Rockland. We are using the Two Proportions Hypothesis Test with a .05 significance level to test the claim. Test Hypothesis
Histogram of Credit and Cash Transactions :
Histogram of Credit and Cash Transactions
Method of Analysis:2 Proportion Hypothesis Test :
The Hypothesis and alternative Hypothesis
H0: p1 = p2
H1: p1 < p2 (claim)
The results from the test
p = .0008
p < .05 Method of Analysis:2 Proportion Hypothesis Test
Conclusion :
There is significant evidence to support the claim that customers of Warren Maritime Farms are more likely to make cash transaction than customers of Rockland Maritime Farms. Conclusion
Reflection :
Had I had more time I would have gathered data over a period of more than 1 day for each store.
Doing this also brought another question into my mind on whether the transactions when cash is used less in dollars than when cash is not used Reflection