Solution-Find the test statistic and p-value for test

Find the test statistic and p-value for test

Assignment Help Basic Statistics

Reference no: EM132488243

John Scott owns a photography business with two location. Both locations have been open for over 5 years and he decides to take a closer look at how their sales numbers compare. Specifically, he wants to look at the mean sales price of customers' orders per day.

John randomly samples 15 days from each location and get the following results. Use this information to test if there is a difference between the two locations mean sales price of customers' orders per day at 5% significance level.

Location A

Location B

Sample Mean: $315

Sample Standard Deviation: $190

Sample Size: 15

Sample Mean: $475

Sample Standard Deviation: $205

Sample Size: 15

A. Are these samples independent or dependent of each other? ________________________

B. Write out the hypotheses for this test.

H₀:

H_A:

C. Find the test statistic and p-value for this test. Show which calculator function you are using.

D. Using either the p-value or the test statistic what is our decision about the H₀.

E. What conclusion did you come to in context to this test?

Reference no: EM132488243

Questions Cloud

Define your excitement and apprehension for student teaching : As this program concludes, discuss your excitement and apprehension as you prepare for student teaching. What do you feel you have left to learn?

Compute the bonds expected rate of return : Determine the value of the bond to? you, given your required rate of return. Compute the? bond's expected rate of return. Should you purchase the? bond?

Define how to avoid misuse during implementation : Because literacy is foundational for all content areas, it needs to be assessed regularly in all content areas, both formally and informally. Assessments can.

What are the demographic characteristics of the people : What are the demographic characteristics of the people in the sample? Explain by referring to the descriptive statistics reported in the paper

Find the test statistic and p-value for test : John Scott owns a photography business with two location. Both locations have been open for over 5 years and he decides to take a closer look at how

What other skillsets or experiences might be needed : What other skillsets, knowledge, or experiences might be needed to create a mentoring team that reflects and meets the needs of your local early-learning.

Confidence interval for average age of all consumers : Construct a 95% confidence interval for the average age of all the consumers.

What can be done within organizations to minimize burnout : What can be done within organizations to minimize or eliminate burnout? Over the past decade, do you feel burnout is getting worse or lessening? and why?

What is the expected rate of return of the fifteen year : What is the expected rate of return of the 15-year, $1,000 par value bond paying 7 percent interest annually if its market price is $850?

User Account

All Pages

Find the test statistic and p-value for test

Reference no: EM132488243

Reference no: EM132488243

Questions Cloud

Reviews

Write a Review

Basic Statistics Questions & Answers

Statistics-probability assignment

What is the least number

Determine the value of k

What is the probability

Binomial distributions

Caselet on mcdonald’s vs. burger king - waiting time

Generate descriptive statistics

Sampling variability and standard error

Estimate the population mean

Conduct a marketing experiment

Find out the probability

Linear programming models

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT