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In Essentials of Modern Business Statistics (page 501), please review the Case: Par, Inc. Compare the driving distances of current and new model using Excel's
InEssentials of Modern Business Statistics(page 501), please review the "Case: Par, Inc."
- Compare the driving distances of current and new model using Excel's Data Analysis with a two-samplettest assuming unequal variances with a 95% confidence level
- Examine thep-value test results for a two-tailedt-test results
- Determine if there is a statistical difference reported
- Purpose of the statistical test
- Results of the statistical test (with output)
- Interpretation and conclusions of the statistical test with an explanation for why unequal variances was assumed and why a two-tailed test was used, rather than a one-tailed test. Consider the likelihood of either a Type I or Type II error with your justification.
- Your recommendations of the findings, including need for additional information.
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