3. A manufacturing firm wants to determine if there is a difference in the prices charged by two competing shipping companies. They sample shipping costs from both companies. Test at a 0.05 level of significance. Ho: Ha: Pooled variance S₁²= Mean SAMPLE Standard Deviation n crit = stat = Decision: Sample 1 $244.50 6 25 2 tails α = pvalue= Sample 2 $239.7 7 30

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3. A manufacturing firm wants to determine if there is a difference in the prices
charged by two competing shipping companies. They sample shipping costs from
both companies. Test at a 0.05 level of significance.
Ho:
Ha:
Pooled variance
2
S₁²=
Mean
SAMPLE Standard Deviation
n
crit =
stat =
Decision:
Sample 1
$244.50
6
25
2 tails
α =
pvalue=
=
Sample 2
$239.7
7
30
Transcribed Image Text:3. A manufacturing firm wants to determine if there is a difference in the prices charged by two competing shipping companies. They sample shipping costs from both companies. Test at a 0.05 level of significance. Ho: Ha: Pooled variance 2 S₁²= Mean SAMPLE Standard Deviation n crit = stat = Decision: Sample 1 $244.50 6 25 2 tails α = pvalue= = Sample 2 $239.7 7 30
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