Light Water | Light Oil |
0.99 | 2.56 |
1.92 | 1.92 |
1.23 | 1.3 |
0.85 | 1.79 |
0.65 | 1.23 |
0.69 | 0.62 |
0.6 | 0.66 |
0.53 | 0.62 |
1.41 | 0.65 |
1.12 | 0.6 |
0.63 | 0.67 |
0.67 | |
0.6 | |
0.66 |
Using Minitab, generate output for this test. (Use α = 0.05)
From MINITAB output
a) The two hypothesis in the test is
b) The test statistics t = -1.16
c) P-value = 0.130
d) Given
then P-value = 0.130 > 005
so, fail to reject H0
hence there is no evidence that the price of tuna in water is significantly less than the tuna in oil
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