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The Excel output below shows the result of a hypothesis test which explores whether male drivers pay more in insurance premium than female drivers (at
The Excel output below shows the result of a hypothesis test which explores whether male drivers pay more in insurance premium than female drivers (at alpha 5%). The correct decision is to ______________ t-Test: Two-Sample Assuming Unequal Variances Male Female Mean $344.10 $245.60 Variance 8681.43 6102.93 Observations 10 10 Hypothesized Mean Difference 0 df 18 t Stat 2.56 P(T<=t) one-tail 0.01 t Critical one-tail 1.74 P(T<=t) two-tail 0.02 t Critical two-tail 2.11 Question 38 options: a) None of the above b) reject the null hypothesis because test value is less than critical value c) reject the null hypothesis because the test value is greater than the critical value d) accept the null hypothesis because the test value is less than the critical value e) accept the null hypothesis because the test value is more than the critical value
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