Question 008.

The manager of Tile Central believes that the Virginia store is more protable, in terms ofweekly profit per full-time employee, than the Clayeld store. Random samples of size 10 and 15 accounting records for Clayfield and Virginia, respectively, were taken. These yielded average weekly profit per full-time employee results for Clayeld and Virginia of $273.50 and $296.44, respectively, and variances of 730.1 5 and 904.26 dollars squared. It is assumed that the population variances are the same and the distribution of weekly prot per full time employee for both stores closely approximates a normal distribution. Use alpha=0.05. 1. If the hypotheses are to be written as Clayeld minus Virginia, what is the direction of the alternative hypothesis? Type the letters gt (greater than), ge (greater than or equal to), It (less than), le (less than or equal to) or ne (not equal to) as appropriate in the box. 2. Determine the standard error for the difference between means, reporting your answer to three decimal places. 3. Calculate the test statistic, reporting your answer to two decimal places. 4. Is the null hypothesis rejected for this test? Type yes or no. 5. Regardless of your answer for 4, if the null hypothesis was rejected, can we conclude that the manager's claim is valid at the 5% level of signicance? Type yes or no