Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Is there a significant difference between the two sample means? If you answer, yes, what is your reasoning? If you answer, no, what is your

image text in transcribed
image text in transcribed
Is there a significant difference between the two sample means? If you answer, "yes," what is your reasoning? If you answer, "no," what is your reasoning? There is a difference between the sample means when I subtracted the two means it came out to be 4.88 which is quite a bit of difference. Please state the conclusion, or your interpretation of the results in terms of the null and alternative hypotheses. Your statements should agree with whether you believe a significant difference exists between the sample means. Majority of adults who have experienced paying in taxes, prefer getting taxes taken out vs paying in at the end of the year. If they were to pay in 4.88 at the end of the year, that could be a big chunk of money for some people. This is a big difference if you decide to not just get as much taxes taken out as possible. t-Test: Two-Sample Assuming Equal Variances ROW5(52- INCOME - ROWS(2-51) 102 Mean 12.89795918 17.78 578.746530 Variance 161.2185374 6 Observations 49 50 Pooled Variance 372.1347402 Hypothesized Mean Difference 0 If 97 t Stat -1.258973948 P(T

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

Partial Differential Equations For Scientists And Engineers

Authors: Stanley J Farlow

1st Edition

0486134733, 9780486134734

More Books

Students also viewed these Mathematics questions