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In: Statistics and Probability

Are these amusement park rides equal in terms of monetary revenue? Test at α = .01...

Are these amusement park rides equal in terms of monetary revenue?
Test at α = .01 significance level.

Tornado:                     Average daily revenue = $300.00;   standard deviation = 45.0;    n = 12

Double Blizzard:          Average daily revenue = $320.00;   standard deviation = 38.0;    n = 17

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Expert Solution

To test the hypothesis we will use independent two samples t test.

orchestra answered 2 years ago
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