Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You may need to use the appropriateappendix tableortechnologyto answer this question.A random sample of95tourists in Chattanooga showed that they spent an average of $2,825(in a

You may need to use the appropriateappendix tableortechnologyto answer this question.A random sample of95tourists in Chattanooga showed that they spent an average of $2,825(in a week) with a standard deviation of $125. A sample of73tourists in Orlando showed that they spent an average of $2,900(in a week) with a standard deviation of $135. We are interested in determining if there is any significant difference between the average expenditures of all the tourists who visited the two cities.(a)Determine the degrees of freedom for this test. (Round your answer down to the nearest integer.) (b)Compute the test statistic. (Use ChattanoogaOrlando. Round your answer to three decimal places.) (c)Compute thep-value. (Round your answer to five decimal places.) (d)What is your conclusion? Let= 0.02.

Do not rejectH0. We cannot conclude that there is a significant difference between the average expenditures of tourists who visit Chattanooga and Orlando.Do not rejectH0. We can conclude that there is a significant difference between the average expenditures of tourists who visit Chattanooga and Orlando. RejectH0. We cannot conclude that there is a significant difference between the average expenditures of tourists who visit Chattanooga and Orlando.RejectH0. We can conclude that there is a significant difference between the average expenditures of tourists who visit Chattanooga and Orlando.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

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

Quantitative Analysis For Management

Authors: Barry Render, Ralph M. Stair, Michael E. Hanna

11th Edition

9780132997621, 132149117, 132997622, 978-0132149112

Students also viewed these Mathematics questions

Question

What are the four main components of an information system?

Answered: 1 week ago