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Use the sample of 10 third quarter changes in air-fares available.
Third quarter 2006
392.04 311.11 299.02 547.18 202.35 379.06 486.76 308.15 303.24 435.29
Third quarter 2007
432.69 338.17 320.75 583.53 214.31 297.92 411.89 273.52 276.04 407.26
Percent change from 3rd Qtr 2006
9.4 8.0 6.8 6.2 5.6 -27.2 -18.2 -12.7 -9.9 -6.9
Hypotheses:
H0:μd=0
HA:μd≠0
What is the test statistic t on the actual differences?
What is the p-value of the test statistic t?
What is the test statistic t on the percentage differences?
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