In: Statistics and Probability
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 | ||||