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Author Question: Independent random samples taken on two university campuses revealed the following information ... (Read 29 times)

BSITTON

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Independent random samples taken on two university campuses revealed the following information concerning the average amount of money spent on textbooks during the fall semester.

 

 

University A

University B

Sample Size

50

40

Average Purchase

$260

$250

Standard Deviation (σ)

$ 20

$ 23


We want to determine if, on the average, students at University A spent more on textbooks then the students at University B.
 

a.Compute the test statistic.
b.Compute the p-value.
c.What is your conclusion? Let α = .05.



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Marked as best answer by BSITTON on Mar 25, 2023

Spike8502

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BSITTON

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Reply 2 on: Mar 25, 2023
Excellent


Dnite

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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