Refer to Exercise 33. You have a random sample of 500 population members from each of two
Question:
Refer to Exercise 33.
You have a random sample of 500 population members from each of two populations and you want to set up a test for the following hypotheses: H0: μ1 – μ2 < 0 Ha: μ1 – μ2 > 0
a. Compute the pvalue for the sample result and explain what it means.
b. Use the pvalue from part a to decide whether you will reject the null hypothesis. Explain your decision.
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a According to z stat the sample proportion difference here is 214 standard deviations ab...View the full answer
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Related Book For
Understanding Business Statistics
ISBN: 978-1118145258
1st edition
Authors: Stacey Jones, Tim Bergquist, Ned Freed
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