A company produces two types of products, A and B. The company's management wants to determine if
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Question:
A company produces two types of products, A and B. The company's management wants to determine if there is a difference in the mean sales of the two products. The sales data for the two products are as follows:
Product A:
Mean = $500
Standard deviation = $50
Sample size = 25
Product B:
Mean = $520
Standard deviation = $60
Sample size = 30
Perform a hypothesis test with a 5% level of significance to determine if there is a significant difference in the mean sales of the two products.
Related Book For
An Introduction To Statistical Methods And Data Analysis
ISBN: 9781305465527
7th Edition
Authors: R. Lyman Ott, Micheal T. Longnecker
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