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 ($) 129 133 147 159 138 143 Audit ($) 125 98 128 135 145 117 141 At the 0.005 significance level, can she conclude that the mean daily expenses are greater for the sales staff than the audit staff? picture Click here for the Excel Data File 1. State the decision rule. (Round your answer to 3 decimal places.) Reject H0 if t > 2. Compute the pooled estimate of the population variance. (Round your answer to 2 decimal places.) Pooled variance 3. Compute the test statistic. (Round your answer to 3 decimal places.) Value of the test statistic 4. State your decision about the null hypothesis. H0 : μs ≤ μa 5. Estimate the p-value. (Round your answers to 3 decimal places.) p-value
Get Answers For Free
Most questions answered within 1 hours.