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Let X1 and X2 be two independent populations with population means μ1 and μ2 respectively. Two samples are taken, one from each population, of sizes n1 and n2 respectively.
We need to test whether μ1 = μ2
The Null Hypothesis - H0: The random errors will be normally distributed The Alternative Hypothesis - H1: The random errors are not normally distributed Reject H0: when P-v
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Consider the following new business venture. An agent is considering investment in one of three real estate parcels: • Option 1: multiunit rentals • Option 2: commercial building
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