According to a report in The Globe and Mail, the Canadian oil and gas industry ramped up

Question:

According to a report in The Globe and Mail, the Canadian oil and gas industry "ramped up" investment spending in the period from 2000 to 2001 ("Energy Sector Ramps Up Spending," The Globe and Mail, January 29, 2001, p. B14). The accompanying table shows the spending levels (in millions of dollars) in each of those years for nine top oil and gas companies.
a. Using a 0.01 level of significance, is there sufficient evidence to support the claim that spending is greater in 2001 than in 2000?
b. Construct a 98% confidence interval for the mean of the differences. Do the confidence interval limits contain 0, indicating that there is not a significant difference between the two years' spending levels?
According to a report in The Globe and Mail, the
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Elementary Statistics

ISBN: 9780321225979

3rd Canadian Edition

Authors: Mario F. Triola

Question Posted: