In: Statistics and Probability
MALE |
FEMALE |
|
Sample mean |
$352 |
$310 |
Sample standard deviation |
$95 |
$80 |
Sample size |
13 |
16 |
a)
1. Null and Alternative Hypothesis:
H0: The average expenditures of men are not higher than women
H1: The average expenditures of men are higher than women
i.e.
Thus we conclude that the average expenditures of men are not higher than women
b) Test for Single Variance: