Question: Hello, I need the solution to this problem and for someone to tell me what formulas to use for each part eg formula ___ for

Hello, I need the solution to this problem and for someone to tell me what formulas to use for each part eg formula ___ for a) with the right numbers in it. Thank you

Hello, I need the solution to this problem and for someone to

(Use this page -front and back - to answer) [value= 8 points] Travel Time Company, a large travel agency located in Baltimore, Maryland, wanted to study consumer preferences for its package tours to the East. For the past five years, Travel Time had offered two similarly priced packaged tours to the East that differed only in the places included in the tour. A random sample of five months' purchases from the past five years was selected. The number of consumers that purchased the tours during these five months is as follows: Packaged Month Packaged Tour I Tour II 90 100 UIAWN 70 60 120 90 110 90 60 70 The management of Travel Time needs your assistance to determine whether there is a difference in preferences for the two tours. a. State the null and alternates hypotheses. b. What test would you use? Why? c. What is the calculated value of the test statistic? Show your calculations. d. What is the critical tabled value at the 5 percent significance level? e. Would you reject the null hypotheses? Explain. f. What can the management of Travel Time Company conclude about preferences for the two tours

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