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Two samples are randomly selected from each population. The sample statistics are given below. Find the P-value used to test
The following data represent the yields for a five-year CD for ten banks in city A and eight banks in city B. At the 0.05 lev
The weights of four randomly and independently selected bags of potatoes labeled 20.0 pounds were found to be 20.6, 213, 20.8
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Answer #1

Ans. 1)

The test statistic and the p-value are computed as follows

\\Z_{0} = (\bar{x_{1}}-\bar{x_{2}})/\sqrt{{s_{1}}^{2}/n_{1}+{s_{2}}^{2}/n_{2}} \\ Z_{0} = 3.3042\\ p-value = Prob (Z > Z_{0} ) = 0.000476 \simeq 0.0005

Correct Ans: (A) 0.0005

Ans.2)

Hypotheses in Option (B) are correct.

\\F_{^{STAT}} = (s_{1}^{2}/(n_{1}-1))/(s_{2}^{2}/(n_{2}-1))\\ = 1.455093 \\p-value = Prob(F > F_{^{STAT}}) = 0.97605

p-value > 0.05. Hence, we have to accept H0. There is insignificant evidence of a difference in the variance.

Ans.3(a)

95% confidence interval for the mean is (20.86802,21.08198).

Ans.3(b)

Option (C) is correct.

Hope this helps!

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