Question: *Need help with the last multiple choice bolded* An evaluation was recently performed on brands and data were collected that classified each brand as being
*Need help with the last multiple choice bolded*
An evaluation was recently performed on brands and data were collected that classified each brand as being in the technology or financial institutions sector and also reported the brand value. The results in terms of value(in millions ofdollars) are shown in the accompanying data table. Complete parts(a) through(c).
TechnologyFinancial_Institutions
274526
385839
476819
444812
435936
557978
6171095
6271063
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a. Assuming the population variances areequal, is there evidence that the mean brand value is different for the technology sector than for the financial institutionssector? (Use
=0.01.)
Determine the hypotheses. Let
1
be the mean brand value for the technology sector and
2
be the mean brand value for the financial institutions sector. Choose the correct answer below.
A. H0: 1=2
H1: 12
B. H0: 12
H1: 1=2
C. H0: 12
H1: 1>2
D. H0: 12
H1: 1<2
Find the test statistic.
tSTAT=
(Round to two decimal places asneeded.)
p-value=
0.000
0.000 (Round to three decimal places asneeded.)
Choose the correct answer below.
A.
Reject H0. There is insufficient evidence that the mean brand value for the technology sector is different from the mean brand value for the financial institutions sector.
B.
Donotreject H0. There is sufficient evidence that the mean brand value for the technology sector is different from the mean brand value for the financial institutions sector.
C.
Donotreject H0. There is insufficient evidence that the mean brand value for the technology sector is different from the mean brand value for the financial institutions sector.
D.
Reject H0. There is sufficient evidence that the mean brand value for the technology sector is different from the mean brand value for the financial institutions sector.
Click to select your answer and then click Check Answer.
b. Repeat(a), assuming that the population variances are not equal.
Determine the hypotheses. Choose the correct answer below.
A.
H0: 12
H1: 1<2
B.
H0: 12
H1: 1>2
C.
H0: 12
H1: 1=2
D.
H0: 1=2
H1: U12
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