Question
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: