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