Question
You are planning to travel from New York to Pennsylvania and are trying to estimate expenses. You collect data to answer the research question, Are
You are planning to travel from New York to Pennsylvania and are trying to estimate expenses. You collect data to answer the research question, "Are gasoline prices higher in PA than in NY?" After performing this hypothesis test, you decide to reject the null hypothesis at = 0.05. Use complete sentences to answer the following.
a) What are your null and alternative hypotheses in words?
b) State your conclusion pertaining to real-life in words.
c) If this conclusion is actually NOT correct, what type of error is this?State the correct conclusion in words.
d) What are some possible consequences of this error?
e) Would you change the alpha level to 0.10 or 0.01 to reduce this type of error? Explain.
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