A company that has two key products for the business wants to estimate the difference between the number of complaints received for each type of product. For this purpose, a statistical study was designed that consists of taking the historical data of monthly complaints that occurred for each product in the last 48 months, in three different points of sale chosen completely random. The results are shown below:
Type of product |
A |
B |
Average of registered complaints |
17.2 |
25.1 |
Standard deviation |
4.6 |
5.3 |
The company wants to verify that the average number of complaints received for product A is greater than 15, using a significance level of 0.05. Calculate the p-Value. What conclusions do you reach?
null hypothesis: HO: μ | = | 15 | ||||
Alternate Hypothesis: Ha: μ | > | 15 | ||||
0.1 level with right tail test and n-1= 47 df, critical t= | 1.300 | from excel: t.inv(0.9,47) | ||||
Decision rule :reject Ho if test statistic t>1.3 | ||||||
population mean μ= | 15 | |||||
sample mean 'x̄= | 17.200 | |||||
sample size n= | 48 | |||||
std deviation s= | 4.6000 | |||||
std error ='sx=s/√n=4.6/√48= | 0.6640 | |||||
t statistic ='(x̄-μ)/sx=(17.2-15)/0.664= | 3.313 | |||||
p value = | 0.001 | from excel: tdist(3.313,47,1) |
since p value <0.05 ; we reject null hypothesis
we have sufficient evidence to conclude that the average number of complaints received for product A is greater than 15.
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