Conduct a test for equality of means

Assignment Help Basic Statistics

Reference no: EM131381012

Recent low-fare flights between Britain and eastern European destinations have brought large groups of English partygoers to cities such as Prague and Budapest.

According to the New York Times, cheap beer is a big draw, with an average price of $1 as compared with $6 in Britain. Assume these two reported averages were obtained from two random samples of 20 establishments in London and in Prague, and that the sample standard deviation in London was $2.5 and in Prague $1.1.

Conduct a test for equality of means using α = 0.05 and provide a 95% confidence interval for the average savings per beer for a visitor versus the amount paid at home in London.

Reference no: EM131381012

Questions Cloud

Advise waldenbooks on possible marketing decision to be made : Do these data present evidence that one form of travel guide is better than the other? Advise Waldenbooks on a possible marketing decision to be made.

Determine which model you think is the best one to use : Clearly identify the strengths and weaknesses of each model. Identify and discuss two or three issues that Whole Foods Market is facing. Determine which model you think is the best one to use.

Evaluate the effectiveness of programs : All numbers are in thousands of dollars per year.- Conduct the test at α = 0.05, and evaluate the effectiveness of the programs in terms of increased average salary levels.

Describe the demographic transition model : Describe the demographic transition model and how it was developed by demographers.Describe the 4 phases of demographic transition.For each phase, compare crude birth rates (CBR) to crude death rates (CDR), and state whether the population is stable..

Conduct a test for equality of means : Conduct a test for equality of means using α = 0.05 and provide a 95% confidence interval for the average savings per beer for a visitor versus the amount paid at home in London.

Conduct a test for equality of population means : For a random sample of 18 investments in China, the average return was 6.1% and the standard deviation was 5.3%. Conduct a test for equality of population means using α = 0.01.

Describe an entertainment poll or survey : Describe a general opinion poll or survey. Analyze the number of people who participated in the sample compared to the number in the population.

What changes would you recommend as a healthcare regulator : Identify at least 2 ways the law has been used to respond to health-harming social needs in health communities. Do you feel the response was effective? What changes would you recommend as a healthcare regulator

Test hypothesis that the proposed route is more profitable : Test the hypothesis that the proposed route is more profitable than the alternative route. Use a significance level of your choice.

User Account

All Pages