Suppose you are an expert on the fashion industry and wish to gather information to compare the

Question:

Suppose you are an expert on the fashion industry and wish to gather information to compare the amount earned per month by models featuring Liz Claiborne attire with those of Calvin Klein. The following is the amount ($000) earned per month by a sample of 15 Claiborne models:

$5.0 $4.5 $3.4 $3.4 $6.0 $3.3 $4.5 $4.6 $3.5 $5.2 4.8 4.4 4.6 3.6 5.0

The following is the amount ($000) earned by a sample of 12 Klein models.

Is it reasonable to conclude that Claiborne models earn more? Use the .05 significance level and assume the population standard deviations are not the same.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Statistical Techniques In Business And Economics

ISBN: 9781260239478

18th Edition

Authors: Douglas Lind, William Marchal, Samuel Wathen

Question Posted: