Question
Adam also believes that airlines systematically increase the price of a roundtrip fare from Sydney to Paris on Thursdays. He collects a sample of data
Adam also believes that airlines systematically increase the price of a roundtrip fare from Sydney to Paris on Thursdays. He collects a sample of data by checking the websites of airlines for flights that depart on a Tuesday (Pop. 1) and on a Thursday (Pop. 2). Test his claim at the 5% level of significance. Use worksheet C of the Excel Exam data file to answer this question.
A. The hypothesis to be tested is
B. The decision rule at the 5% level of significance is
C. The p-value for this test is
D. The calculated test statistic is
E. The conclusion to the hypothesis test is
Excel worksheet C:
| Airline | Tuesday | Thursday |
| Qantas | 1839 | 1838 |
| Air France | 1841 | 1757 |
| Virgin | 1740 | 1842 |
| Emirates | 1836 | 1845 |
| Etihad | 1839 | 1741 |
| Lufthansa | 1736 | 1842 |
| KLM | 1845 | 1748 |
| Singapore Airlines | 1838 | 1841 |
| Thai Airways | 1735 | 1738 |
| Air China | 1845 | 1747 |
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Financial ACCT2
Authors: Norman H. Godwin, C. Wayne Alderman
2nd edition
9781285632544, 1111530769, 1285632540, 978-1111530761
