Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The null and alternate hypotheses are: H0 : 1 = 2 H1 : 1 2 A random sample of 8 observations from one population revealed

The null and alternate hypotheses are:

H0 : 1 = 2

H1 : 1 2

A random sample of 8 observations from one population revealed a sample mean of 23 and a sample standard deviation of 4.6. A random sample of 8 observations from another population revealed a sample mean of 27 and a sample standard deviation of 4.6. The population standard deviations are unknown but assumed to be equal. At the 0.01 significance level, is there a difference between the population means?

a. State the decision rule.

b. Compute the pooled estimate of the population variance.

c. Compute the test statistic.

Please give all correct answer with explanation.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Statistical Techniques In Business And Economics

Authors: Douglas Lind, William Marchal

16th Edition

78020522, 978-0078020520

More Books

Students also viewed these Economics questions