Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A local retailer is trying to cut down on shipping costs. They are debating between FedEx or UPS as their primary shipping service. A

image text in transcribed

A local retailer is trying to cut down on shipping costs. They are debating between FedEx or UPS as their primary shipping service. A random sample of 55 packages that need to be shipped are taken. For each of the 55 packages, the shipping cost was estimated for both FedEx and UPS; a new "diff" variable was calculated as FedEx minus UPS or (FedEx - UPS). You are asked to run a hypothesis test to see if there is a significant difference, on average, in shipping cost between FedEx and UPS for all packages shipped by the local retailer. Complete the following problems, working through the steps of a hypothesis test. Complete the following problems, working through the steps of a hypothesis test. Question 8 Subquestions 8.a TBD points State the null and alternative hypotheses and define the parameter in context. No answer entered. Click above to enter an answer. 8.b TBD points Here's a portion of the R output for the test: data: One Sample t-test data t = -1.8877, df = 54, p-value = 0.06445 Provide an interpretation for t-test statistic value (t = -1.8877). 8.c 1 point(s) 8.d TBD points No answer entered. Click above to enter an answer. If Ho is true, what is the expected value of this test statistic? U U U 54 0.06445 0 -1.8877 Here's a portion of the R output for the test: One Sample t-test data: data t = -1.8877, df = 54, p-value The resulting p-value is 0.06445. = 0.06445 Provide an interpretation of the p-value in context.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

A First Course in General Relativity

Authors: Bernard Schutz

2nd edition

521887054, 978-0521887052

More Books

Students also viewed these Mathematics questions

Question

l Define grey markets and explain how to deal with them.

Answered: 1 week ago