A retailer wants to see if a red "Sale" sign brings in the same amount of revenue than the same "Sale" sign in blue. The data below shows the revenue in thousands of dollars that was achieved for various days when the retailer decided to put the red "Sale" sign up and days when the retailer decided to put the blue "Sale" sign up. Red: 2.4, 3, 3.6, 1.8, 3, 2.7, 2.9, 3, 3.1 Blue: 1.7, 2.1, 1.4, 2.6, 0.6, 3, 3.5, 1.6, 0.3 Assume that both populations follow a normal distribution. What can be concluded at the αα = 0.05 level of significance level of significance? The test statistic ? t = _______________ (please show your answer to 3 decimal places.) The p-value = __________________ (Please show your answer to 4 decimal places.)
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A retailer wants to see if a red "Sale" sign brings in the same amount of revenue than the same "Sale" sign in blue. The data below shows the revenue in thousands of dollars that was achieved for various days when the retailer decided to put the red "Sale" sign up and days when the retailer decided to put the blue "Sale" sign up.
Red: 2.4, 3, 3.6, 1.8, 3, 2.7, 2.9, 3, 3.1
Blue: 1.7, 2.1, 1.4, 2.6, 0.6, 3, 3.5, 1.6, 0.3
Assume that both populations follow a
The test statistic ? t = _______________ (please show your answer to 3 decimal places.)
The p-value = __________________ (Please show your answer to 4 decimal places.)
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