Question: QUESTION 5 A study was conducted to investigate the average price of season ticket spent by the customers when choosing the rail service to the

QUESTION 5 A study was conducted to investigate the average price

QUESTION 5 A study was conducted to investigate the average price of season ticket spent by the customers when choosing the rail service to the same destination between Company A and Company B. The data were collected and analysed using SPSS. The results obtained shows in the following table. Group Statistics Mode of Std. Deviation Std. Error Transport Mean Season Ticket Company A 195.0? 49.21 175.\") 2159 i. Find the value of T. (1 mark] ii. Calculate the standard error difference. (3 marks] iii. At 2.5% signicance level, is there is enough evidence to conclude that the average price of season ticket of rail service at Company A is more than Company B. Given the zstatistic is 1.939. (5 marks]

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