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1. For a sample of 48 finance majors, the average time spent reading each issue of...

1. For a sample of 48 finance majors, the average time spent reading each issue of the campus newspaper is 19.7 minutes, with a standard deviation of 7.3 minutes. The corresponding figures for a sample of 40 management information system majors are 16.3 and 4.1 minutes. What is the the test statistic, t, with the 0.01 level of significance? (Specify your answer to the 2nd decimal.)

2. What is the the degree of freedom with the 0.01 level of significance? (Specify your answer to the 2nd decimal.)

3.

What is your conclusion based on calculated value of test statistic and critical value?

Reject H0

Do not reject H0
math   Statistics-And-Probability   
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Answer #1

Sdeftion. The nucr and alternative hypothesis a Ho: M1 M2 Vs Hi Mc & M2 Giren, 21 = 1907 , 22 = 16.3 ni= 48 22 = 40 s =7.31 5The with critical value of test statistic df = 76, 8 d = onol is teritical = 2.84642 o testical = 2.376 since, statistic conc

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