Question
A travel association reported the domestic airfare (in dollars) for business travel for the current year and the previous year. Below is a sample of
A travel association reported the domestic airfare (in dollars) for business travel for the current year and the previous year. Below is a sample of 12 flights with their domestic airfares shown for both years.
Current Year | Previous Year |
345 | 315 |
526 | 463 |
420 | 474 |
216 | 206 |
285 | 275 |
405 | 432 |
635 | 585 |
710 | 650 |
605 | 545 |
517 | 547 |
570 | 496 |
610 | 580 |
Calculate the test statistic. (Use current year airfare previous year airfare. Round your answer to three decimal places.)
Calculate the p-value. (Round your answer to four decimal places.)
p-value =
What is the sample mean domestic airfare (in dollars) for business travel for each year?
current$
previous$
What is the percentage change in mean airfare for the one-year period? (Round your answer to one decimal place.)
%
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