Question

Suppose we have the following information on GMAT scores for business and non-business majors: Business Majors                     ...

  1. Suppose we have the following information on GMAT scores for business and non-business majors:

Business Majors                      Non-Business Majors

n1 = 8                                       n2 = 5

_                                              _

X1 = 545                                  X2 = 525

s1 = 120                                   s2 = 60

Using a 0.05 level of significance, test the clam that average GMAT scores for business majors is equal to the average GMAT scores for non-business majors in the population. Assume equal population variances.

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Suppose we have the following information on GMAT scores for business and non-business majors: Business Majors...
Suppose we have the following information on GMAT scores for business and non-business majors: Business Majors Non-Business Majors n1 = 8 n2 = 5 _ _ X1 = 545 X2 = 525 s1 = 120 s2 = 60 Using a 0.05 level of significance, test the clam that average GMAT scores for business majors is equal to the average GMAT scores for non-business majors in the population. Assume equal population variances.
Suppose we have the following information on hourly wages for men and women: Men                            &nb
Suppose we have the following information on hourly wages for men and women: Men                                         Women n1 = 200                                   n2 = 100 _                                              _ X1 = $48                                  X2 = $45 σ1 = $20                                  σ2 = $15 Using a 0.05 level of significance, test the claim that average wages for men exceeds average wages for women in the population.
Suppose we have the following information on hourly wages for men and women: Men Women n1...
Suppose we have the following information on hourly wages for men and women: Men Women n1 = 200 n2 = 100 _ _ X1 = $48 X2 = $45 σ1 = $20 σ2 = $15 Using a 0.05 level of significance, test the claim that average wages for men exceeds average wages for women in the population.
Suppose a certain state university's college of business obtained the following results on the salaries of...
Suppose a certain state university's college of business obtained the following results on the salaries of a recent graduating class: Finance Majors Business Analytics Majors n1 = 120 n2 = 30 x1 = $48,237 x2 = $55,417 s1 = $19,000 s2 = $10,000 (a) Formulate hypotheses so that, if the null hypothesis is rejected, we can conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors. Use α = 0.05. (Let μ1 = the...
Given the information below that includes the sample size (n1 and n2) for each sample, the...
Given the information below that includes the sample size (n1 and n2) for each sample, the mean for each sample (x1 and x2) and the estimated population standard deviations for each case( σ1 and σ2), enter the p-value to test the following hypothesis at the 1% significance level : Ho : µ1 = µ2 Ha : µ1 > µ2   Sample 1 Sample 2 n1 = 10 n2 = 15 x1 = 115 x2 = 113 σ1 = 4.9 σ2 =...
Consider the following data from two independent samples with equal population variances. Construct a 90% confidence...
Consider the following data from two independent samples with equal population variances. Construct a 90% confidence interval to estimate the difference in population means. Assume the population variances are equal and that the populations are normally distributed. x1 = 37.1 x2 = 32.2 s1 = 8.9 s2 = 9.1 n1 = 15 n2 = 16
Exercise 2. The following information is based on independent random samples taken from two normally distributed...
Exercise 2. The following information is based on independent random samples taken from two normally distributed populations having equal variances: Sample 1 Sample 2 n1= 15 n2= 13 x1= 50 x2= 53 s1= 5 s2= 6 Based on the sample information, determine the 90% confidence interval estimate for the difference between the two population means.
Suppose that in a certain year, it was reported that the variance in GMAT scores was...
Suppose that in a certain year, it was reported that the variance in GMAT scores was 14,630. At a recent summit, a group of economics professors met to discuss the GMAT performance of undergraduate students majoring in economics. Some expected the variability in GMAT scores achieved by undergraduate economics students to be greater than the variability in GMAT scores of the general population of GMAT takers. However, others took the opposite view. Suppose the following are GMAT scores for 51...
Exercise 2. Given the following null and alternative hypotheses ?0: ?1≥ ?2 ?a:?1<?2 together with the...
Exercise 2. Given the following null and alternative hypotheses ?0: ?1≥ ?2 ?a:?1<?2 together with the following sample information Sample 1 Sample 2 n1= 18 n2= 18 x1= 565 x2= 578 x1= 28.9 s2= 26.3 a-Assuming that the populations are normally distributed with equal variances, test at the 0.10 level of significance whether you would reject the null hypothesis based on the sample information. Use the test statistic approach. b-Assuming that the populations are normally distributed with equal variances, test...
Given the information below, enter the p-value to test the following hypothesis at the 1% significance...
Given the information below, enter the p-value to test the following hypothesis at the 1% significance level : Ho : µ1 = µ2 Ha : µ1 > µ2   Sample 1 Sample 2 n1 = 14 n2=12 x1 = 113 x2=112 s1 = 2.6 s2=2.4 What is the p-value for this test ? ( USE FOUR DECIMALS)
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT