d. Interpret the results of your t-test from #3b… Can we reject the null hypothesis? Is it safe to say that the mean Average Daily Sales for Location Type A and for Location Type B are the same, based on this data? Please Interpret the data and if the hypothesis can be rejected?
t-Test: Two-Sample Assuming Equal Variances | ||||
Variable 1 | Variable 2 | |||
Mean | 472.0135 | 549.6954372 | ||
Variance | 133320.6 | 123688.0235 | ||
Observations | 2 | 2 | ||
Pooled Variance | 128504.3 | |||
Hypothesized Mean Difference | 0 | |||
df | 2 | |||
t Stat | -0.2167 | |||
P(T<=t) one-tail | 0.424268 | |||
t Critical one-tail | 2.919986 | |||
P(T<=t) two-tail | 0.848537 | |||
t Critical two-tail | 4.302653 |
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