Question
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started