Question

The domestic airfare for business travel for the current year and the previous year was reported. Below is a sample of 12 fights with their domestic airfares shown for both years Current Year Previous Year Current Year Previous Year 327 507 324 350 450 525 447 399 525 252 462 417 336 426 624 684 403 493 486 474 501 543 a. Formulate the hypotheses and test for a signiticant increase in the mean domestic aintare for business travel for the one-year period. What is the p value? -value Degrees of freedom p-value is gre tham 20 0.480to 3 dacimals) Using a .05 level of significance, what is your conclusion? that there has been a signiticance increase in business travel airfares over the one-year period b. What is the sample mean domestit airfare for business travel for eath year? Current Year 474.33(to 2 decimals) Previgus Year 453.50(to 2 decimals) What is the percentage change in the airfare for the one-year period? 04 (to 2 decimals) Fide Foedhack

Answer 1

Please thumbs-up / vote up this answer if it was helpful. In case of any problem, please comment below. I will surely help. Down-votes are permanent and not notified to us, so we can't help in that case.