Question: Please interpret the output below. What type of test was used and why? Is there a significant difference between these two means? Yearly Energy Costs
Please interpret the output below. What type of test was used and why? Is there a significant difference between these two means?
|
| Yearly Energy Costs LEED- Certified Buildings (in thousands of $) | Yearly Energy Costs non-LEED- Certified Buildings (in thousands of $) |
| Mean | 18.22 | 21.46 |
| Variance | 1548.27 | 1318.33 |
| Observations | 60 | 55 |
| Hypothesized Mean Difference | 0 | |
| df | 73 | |
| t Stat | -1.678 | |
| P(T<=t) one-tail | 0.048 | |
| t Critical one-tail | 1.667 | |
| P(T<=t) two-tail | 0.096 | |
| t Critical two-tail | 1.993 | |
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