Question

In: Statistics and Probability

Ms. Lisa Monnin is the budget director for Nexus Media Inc. She would like to compare...

Ms. Lisa Monnin is the budget director for Nexus Media Inc. She would like to compare the daily travel expenses for the sales staff and the audit staff. She collected the following sample information.

Sales ($) 125 137 147 162 136 142
Audit ($) 125 98 128 135 145 117 141

At the 0.050 significance level, can she conclude that the mean daily expenses are greater for the sales staff than the audit staff?

State the decision rule. (Round your answer to 3 decimal places.)

  1. Compute the pooled estimate of the population variance. (Round your answer to 2 decimal places.)​​​​​​​

  2. Compute the test statistic. (Round your answer to 3 decimal places.)​​​​​​​

  3. State your decision about the null hypothesis.

  • Reject H0: μs ≤ μa

  • Do not reject H0: μs ≤ μa

  1. Estimate the p-value.

  • Between 0.025 And 0.05

  • Between 0.001 And 0.005

  • Between 0.005 And 0.01

  • Between 0.01 And 0.025

Solutions

Expert Solution

check the calculations, tell me if you have any doubt. Here degrees of freedom is 6+7-2=11.


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