Question: Consider the following hypothesis statement using a = 0.05 and data from two independent samples. Assume the population variances are equal and the populations are

Consider the following hypothesis statement using a = 0.05 and data from two independent samples. Assume the population variances are equal and the populations are normally distributed.

H0 : m1 - m2 = 0 H1 : m1 - m2  0 x1 = 14.3 x2 = 12.8 s1 = 2.7 s2 = 3.3 n1 = 20 n2 = 18

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

b. Approximate the p-value using Table 5 in Appendix A and interpret the results.

c. Determine the precise p-value using Excel.

d. Verify your results using PHStat.

AppendixLO1

Step by Step Solution

3.40 Rating (156 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!