A cell phone company offers two plans to its subscribers. At the time new subscribers sign up,

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A cell phone company offers two plans to its subscribers. At the time new subscribers sign up, they are asked to provide some demographic information. The mean yearly income for a sample of 40 subscribers to Plan A is $57,000 with a standard deviation of $9,200. For a sample of 30 subscribers to Plan B, the mean income is $61,000 with a standard deviation of $7,100. At the .05 significance level, is it reasonable to conclude the mean income of those selecting Plan B is larger? What is the p-value?


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Statistical Techniques In Business And Economics

ISBN: 356

16th Edition

Authors: Douglas Lind, William Marchal

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