Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I cant solve this 1. Use Statistix to compare the mean prices for levels 1 and 2 of your qualitative variable. In Statistix. you will

I cant solve this

image text in transcribed
1. Use Statistix to compare the mean prices for levels 1 and 2 of your qualitative variable. In Statistix. you will need to omit all level 3 observations in your data set to create this printout. Conduct the printout for a two-tailed test in Statistix. Attach the printout here and answer the following questions. Two-Sample T Tests for Price by Model Model N Mean SD SE 25 27160 14157 2831 .4 2 11367 18485 3697.0 Difference -13908 16161 1656.6 T-Tests for Mean Difference Null Hypothesis: difference Alternative Hyp: difference / 0 Lower Upper Method Variances DE P 959 C.I. 95% C. I. Pooled Equal -2.99 0.0041 -23270 -4544.0 Satterthwaite Unequal 11.9 -2.99 0.0016 -23207 -4521.3 Homogeneity of Variances DF F Folded F Test (two-sided) 24, 24 1 .70 0. 1985 Cases Included 50 Missing Cases 0 a. State the appropriate hypotheses that you wish to test to conduct a two-tailed test to compare the population means. (2 points) Ho: b. Find the p-value you would use if you wanted to conduct a one-tailed test. (2 point) C. In addition to needing random and independent samples, what other assumptions are necessary for this test (in the words of the problem)? (4 points)

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

Introduction To Probability Models

Authors: Sheldon M Ross

12th Edition

0128143460, 9780128143469

More Books

Students also viewed these Mathematics questions