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Complete the following question and parts a-e for section 1 of Business Statistics (attached below) Ms. Lisa Monnin is the budget director for Nexus Media
"Complete the following question and parts a-e for section 1 of Business Statistics" (attached below)
Ms. Lisa Monnin is the budget director for Nexus Media Inc. She would like to compare the daily travel expenses for the sales staff and the audit staff. She collected the following sample information. Sale: (3) Audit ($) 98 135 145 1-1 The population standard deviations are unknown but assumed to be equal. At the 0.050 significance level, can she conclude that the mean daily expenses are greater for the sales staff than the audit staff? Expicture Click here for the Excel Data File Required: a. State the decision rule. (Round your answer to 3 decimal places.) Reject Ho ift > b. Compute the pooled estimate of the population variance. (Round your answer to 2 decimal places.) Pooled variance c. Compute the test statistic. (Round your answer to 3 decimal places.) Value of the test statistic d. State your decision about the null hypothesis. O Reject Ho: My = Me Do not reject Hou, = us c. Estimate the p-value. Between 0.025 And 0.05 O Between 0.001 And 0.005 Between 0.005 And 0.01 Between 0.01 And 0.025Step by Step Solution
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