Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Acell phone companyoffers two plans to its subscribers. At the time new subscriberssign up, they are asked to provide some demographic information. The mean yearly

Acell phone companyoffers two plans to its subscribers. At the time new subscriberssign 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?Hint: For the calculations, assume the Plan Aas the first sample.

The test statistic is.(Negative amount should be indicated by a minus sign. Round youranswerto 2 decimal places.)

The decision is(Click to select)rejectdo not rejectthe null hypothesis that the mean of Plan B is larger.

Thep-value is

(Click to select)between 0.05 and 0.1between 0.025 and 0.01between 0.01 and 0.05

(Round your answer to 2 decimal places.)

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

The Homework Clubs Preparing For Algebra Math Help For Struggling Kids

Authors: Susan Everingham

1st Edition

1723708585, 978-1723708589

More Books

Students also viewed these Mathematics questions

Question

Comment on the pH value of lattice solutions of salts.

Answered: 1 week ago

Question

Explain the chemical properties of acids with examples.

Answered: 1 week ago