Question: Consider the following hypothesis statement using a = 0.01 and data from two independent samples: H0: m1 - m2 0 H1: m1 - m2

Consider the following hypothesis statement using a = 0.01 and data from two independent samples:

H0: m1 - m2 Ú 0 H1: m1 - m2 6 0 x1 = 122 x2 = 139 s1 = 39 s2 = 33 n1 = 40 n2 = 45

a. Calculate the appropriate test statistic and interpret the result.

b. Calculate the p-value and interpret the result.

c. Verify your results using PHStat.

AppendixLO1

Step by Step Solution

3.28 Rating (151 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Business Statistics Questions!