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Ms. Lisa Monnin is the budget director for the New Process Company. She would like to compare the daily travel expenses for the sales staff
Ms. Lisa Monnin is the budget director for the New Process Company. She would like to compare the daily travel expenses for the sales staff and the audit staff. She collected the following sample information. Sales ($) 167 131 159 122 139 128 Audit ($) 135 131 114 143 113 144 14s At the 0.01 significance level, can she conclude that the mean daily expenses are greater for the sales staffthan the audit staff? a. State the decision rule. (Round the final answer to 3 decimal places.) Reject H0 if t> b. Compute the pooled estimate of the population variance. (Round the final answer to 2 decimal places.) Pooled estimate ofthe population variance c. Compute the value of the test statistic. (Round the final answer to 3 decimal places.) Value of the test statistic d. State your decision about the null hypothesis. {Click lo select] v Ho : us 5 pa. e. Estimate the pvalue. (Round the final answer to 4 decimal places.) The pvalue is |:|
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