# Question: For a sample of 48 finance majors the average time

For a sample of 48 finance majors, the average time spent reading each issue of the campus newspaper is 19.7 minutes, with a standard deviation of 7.3 minutes. The corresponding figures for a sample of 40 management information systems majors are 16.3 and 4.1 minutes. Using the 0.01 level of significance, test the null hypothesis that the population means are equal. Using the appropriate statistical table, what is the approximate p-value for this test? Construct and interpret the 99% confidence interval for the difference between the population means.

**View Solution:**## Answer to relevant Questions

Two machines are supposed to be producing steel bars of approximately the same length. A sample of 35 bars from one machine has an average length of 37.013 inches, with a standard deviation of 0.095 inches. For 38 bars ...An Internal Revenue Service manager is comparing the results of recent taxpayer interviews conducted by two auditors. Of 200 taxpayers audited by Ms. Smith, 30% had to pay additional taxes. Of 100 audited by Mr. Burke, only ...Given the information in Exercise 11.75, and using the 0.05 level of significance in comparing the sample standard deviations, were we justified in assuming that the population standard deviations were equal? Would your ...Three different heat-treatment methods are being tested against four different zinc-coating techniques, with data representing the number of pounds required for a test probe to penetrate the layer of zinc coating. Metal ...For the experiment described in Exercise 12.7, what null and alternative hypotheses would be appropriate for the one-way ANOVA to examine the data? If the data are as shown here, what conclusion would be reached at the 0.025 ...Post your question