Examine the following information: Sample 1 Sample 2 ni 15 10 x i 12 7 si 3
Question:
Examine the following information:
Sample 1 Sample 2 ni 15 10 –x i 12 7 si 3 4
a. Construct a 95% confidence interval for m1 m2.
b. Calculate the test statistic that would be used to determine if m1 m2 The upper confidence limit.
Given this, what would the result of the test be if you wish to test m1 m2 Any value larger than the upper confidence limit?
c. Calculate the test statistic that would be used to determine if m1 m2 The lower confidence limit.
Given this, what would the result of the test be if you wish to test m1 m2 Any value smaller than the lower confidence limit?
d. Given your answers to parts b and
c, how could you use the confidence interval to conduct a two-tailed hypothesis test?
Step by Step Answer:
Business Statistics A Decision Making Approach
ISBN: 9780136121015
8th Edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry, Kent D. Smith