Question

In: Statistics and Probability

Suppose that you are responsible for making arrangements for a business convention and that you have...

Suppose that you are responsible for making arrangements for a business convention and that you have been charged with choosing a city for the convention that has the least expensive rooms. You have narrowed your choices to Atlanta and Houston. The table containing samples of prices for rooms in Atlanta and Houston is provided in the Excel Online file below. Construct a spreadsheet to answer the following questions. Because considerable historical data on the prices of rooms in both cities are available, the population standard deviations for the prices can be assumed to be $18.94 in Atlanta and $26.66 in Houston.

 
Atlanta Houston
95 90
95 125
120 85
120 75
120 140
70 105
100 120
110 140
80 110
115 70
125 140
105 75
115 150
115 80
85 135
60 105
100 75
70 115
105 85
95 125
70 150
80 140
75 105
95 115
100 150
90 85
100 90
100 130
70 120
125 80
75 90
95 105
60 60
110 95
80 70
130
125
90
65
130
 
Atlanta Houston Formulas for Column E Formulas for Column F
Mean #N/A #N/A
Population Standard Deviation 18.94 26.66
Test Statistic (to 2 decimals) #N/A
P-value (to 4 decimals) #N/A
Significance Level (Alpha) 0.05
Hypothesis Decision (Enter "Reject" or "Do not reject") #N/A

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