A publisher is interested in the effects on sales of college texts that include more than 100
Question:
A publisher is interested in the effects on sales of college texts that include more than 100 data files.
The publisher plans to produce 20 texts in the business area and randomly chooses 10 to have more than 100 data files. The remaining 10 are produced with at most 100 data files. For those with more than 100, first-year sales averaged 9,254, and the sample standard deviation was 2,107. For the books with at most 100, average first-year sales were 8,167, and the sample standard deviation was 1,681. Assuming that the two population distributions are normal with the same variance, test the null hypothesis that the population means are equal against the alternative that the true mean is higher for books with more than 100 data files.
Step by Step Answer:
Statistics For Business And Economics
ISBN: 9781292436845
10th Global Edition
Authors: Paul Newbold, William Carlson, Betty Thorne