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Question: 1 (5 marks) Use two sample test of hypotheses to compare the means in any business study. Collect sufficient data about any two populations
Question: 1 (5 marks) Use two sample test of hypotheses to compare the means in any business study. Collect sufficient data about any two populations using reasonable sets of values (Less than 30 Values for each sample). Use Microsoft Excel and answer the following: 1. Test the difference between two population means 1 and 2 using two-sample t-test: assuming equal variances. 2. Calculate pooled estimate of the standard deviation. 3. Make a decision to reject or not reject the null hypothesis. (in case: t Critical one-tail). 4. Make a decision to reject or not reject the null hypothesis. (in case: t Critical two-tail)
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