The city of Laguna Beach operates two public parking lots. The Ocean Drive parking lot can accommodate
Question:
The city of Laguna Beach operates two public parking lots. The Ocean Drive parking lot can accommodate up to 125 cars and the Rio Rancho parking lot can accommodate up to 130 cars. City planners are considering increasing the size of the lots and changing the fee structure. To begin, the Planning Office would like some information on the number of cars in the lots at various times of the day. A junior planner officer is assigned the task of visiting the two lots at random times of the day and evening and counting the number of cars in the lots. The study lasted over a period of 1 month. Following is the number of cars in the lots for 25 visits of the Ocean Drive lot and 28 visits of the Rio Rancho lot. Assume the population standard deviations are equal.
Is it reasonable to conclude that there is a difference in the mean number of cars in the two lots? Use the .05 significance level.
a. What are the null and alternate hypotheses?
b. Compute the test statistic.
c. Compute the p-value.
d. What is your decision regarding the null hypothesis?
e. Interpret the result.
Step by Step Answer:
Statistical Techniques In Business And Economics
ISBN: 9781260239478
18th Edition
Authors: Douglas Lind, William Marchal, Samuel Wathen