Hypothesis Test

Topics: Gender, Null hypothesis, Male Pages: 4 (796 words) Published: January 1, 2013
Saurabh Sunny Baghmar
MNGT: 6361

Problem Statement: To determine if saving from the total monthly income is gender biased. Hypothesis: H0: Single Women save equal to single men from their total monthly income. (Null Hypothesis)

H0 = µwomen - µmen = 0


The thought behind this problem statement comes from the report which says that there is a huge difference between the number of single women applying for credit cards and men. There are studies done to project the spending/saving habits of men and women. Research shows that women and men have different interest areas where they like spending money [1]. These areas determine how much they spend. Men spend money mostly on eating out, sports ticket, drinking, cars and boys clubs. Whereas women like to spend money on clothes, jewelry, makeup/spa and other accessories. According to [2], the level of debt for men and women is different. Gender was more influential in predicting financial management practices than was affective credit attitude, with female students employing a greater number of financial practices. Research on credit card behavior [3] among college going men and women states that men apply for more than one credit card whereas women’s hold an average of one credit card during their college education. The identification of gender differences may also indicate the need to closely examine individual differences about money management [4]. Accounting the study on 40 people spending/saving habits the following hypothesis test is done to determine the reality of the fact about their saving. References:

1. http://www.smartmoneydaily.com/personalfinance/do-men-and-women-spend-differently. 2. http://www.time.com/time/magazine/article/0,9171,1607265,00.html 3. Journal of Consumer Affairs. Volume 34, Issue 1, p 113-133. 4. Journal of Family & Consumer Sciences Education, Vol. 26, No. 1,...
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