Question
Carol also believes that petrol stations systematically increase the price of petrol on Thursdays. She collects a sample of data by visiting the same petrol
Carol also believes that petrol stations systematically increase the price of petrol on Thursdays. She collects a sample of data by visiting the same petrol stations on a Tuesday (population 1) and Thursday (population 2) and recording the prices. Test her claim at the 5% level of significance.Useworksheet Gof the Excel Exam data file to answer this question.
The hypothesis to be tested is
H0: D ? 0; H1: D > 0, where D = 1 - 2H0: 1 - 2 ? 0; H1: 1 - 2 0
The decision rule at the 5% level of significance is
a)Reject H0 if t 1.645. d)Reject H0 if t > 2.94
The p-value for this test is
A)0.05
B)0.0197
C)0.0099
D)-
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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