How do the fares for airlines that directly compete compare? The file Airlines contains roundtrip fares for

Question:

How do the fares for airlines that directly compete compare? The file Airlines contains roundtrip fares for nonstop travel from Philadelphia to 10 different U.S. destinations on Southwest Airlines and American Airlines that a frequent flyer collected.

Source: Data extracted from www.southwest.com/ and www.aa.com/.

a. At the 0.05 level of significance, is there evidence of a difference in mean roundtrip fare between Southwest Airlines and American Airlines?

b. What assumption is necessary in order to perform this test?

c. Use a graphical method to evaluate the validity of the assumption in (b).

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question

Basic Business Statistics Concepts And Applications

ISBN: 9780134684840

14th Edition

Authors: Mark L. Berenson, David M. Levine, Kathryn A. Szabat, David F. Stephan

Question Posted: