Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mini report Title: Comparison of two crane routes, the old route and the new route. Brief introduction: In this scenario, we will be comparing the

Mini report

Title: Comparison of two crane routes, the old route and the new route.

Brief introduction: In this scenario, we will be comparing the profits of 20 days with two different routes, the route we normally take will be called "Old Route" and the "New Route", which would be a new route through a different sector. The research question is: "Would a new crane route improve the company's gross profits?" Null hypothesis (H0): There is no difference in the profits of the two different routes, the "old route" and the "new route". Alternative hypothesis (H1): There is a significant difference in the profits of the two different routes, the "old route" and the "new route."

Methods:

Sample size: 20 days were taken into account. Sampling method: The same driver was used for the new route and the old route. Measurement methods: Every day the amount of profit from the different routes was recorded. Descriptive Statistics and Graphs: The descriptive statistics would be the same as my previous report which includes means, standard deviation to check for normality. Alpha level: A standard alpha level of 0.05 (p < 0.05) will be used to determine statistical significance. Type of T-test: In this case, you will use the dependent samples t-test because we will be comparing the same day just different routes

Results:

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

College Algebra

Authors: Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels

12th edition

134697022, 9780134313795 , 978-0134697024

More Books

Students also viewed these Mathematics questions

Question

discuss how government policies can influence economic growth?

Answered: 1 week ago