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The Global Business Travel Association reported the domestic airfare for business travel for the current year and the previous year. Below is a sample of

The Global Business Travel Association reported the domestic airfare for business travel for the current year and the previous year. Below is a sample of flights with their domestic airfares shown for both years. Do not round intermediate calculations.

Current Year Previous Year Current Year Previous Year
384 339 378 378
480 450 678 288
513 297 306 264
285 255 354 600
285 432 456 372
306 276 561 483

a. Formulate the hypotheses and test for a significant increase in the mean domestic airfare for business travel for the one-year period.

- Select your answer -<>=Item 1
- Select your answer -<>=Item 2

What is the -value?

-value (to 3 decimals)
Degrees of freedom

-value is - Select your answer -lower than 0.005between 0.005 and 0.01between 0.01 and 0.025between 0.025 and 0.05between 0.05 and 0.10between 0.10 and 0.20greater than 0.20Item 5

Using a level of significance, what is your conclusion? We - Select your answer -can concludecannot concludeItem 6 that there has been a significance increase in business travel airfares over the one-year period.

b. What is the sample mean domestic airfare for business travel for each year?

Current Year $ (to 2 decimals)
Previous Year $ (to 2 decimals)

c. What is the percentage change in the airfare for the one-year period? % (to 2 decimals)

Please send me answer in type form strictly prohibited handwritten solution and don't use chatgpt otherwise I will report to coursehero.

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