Question
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.
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?
c.Compute thep-value.NOTE: P-value calculators are available through online search.(Round your answer to 4 decimal places.)
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