Ha: Ho = 00 > Pr :ºHlo Ho: HdzOHai Hg<0Calculate the test statistic. (Use current year airfare - previous year airfare. Round your answer to three decimal places.)2.170Calculate the p-value. (Round your answer to four decimal places.)p-value = 0.0264Using a 0.05 level of significance, what is your conclusion?O Reject Ho. We can conclude that there has been a significant increase in the mean domestic airfare for business travel for the one-year period.O Reject Ho. We cannot conclude that there has been a significant increase in the mean domestic airfare for business travel for the one-year period.O Do not reject H.. We cannot conclude that there has been a significant increase in the mean domestic airfare for business travel for the one-yearperiod.O Do not reject Ho. We can conclude that there has been a significant increase in the mean domestic airfare for business travel for the one-year period.(b) What is the sample mean domestic airfare (in dollars) for business travel for each year?current$ 487previous$ 462(c) What is the percentage change in mean airfare for the one-year period? (Round your answer to one decimal place.)5.41%Need Help?Read ItWatch It You may need to use the appropriate technology to answer this question.A travel association reported the domestic airfare (in dollars) for business travel for the current year and the previous year. Below is a sample of 12 flights with their domestic airfares shown for both years.CurrentPreviousYearYear345303526463420474216206285263405432635585710650605545517547570496610580(a) Formulate the hypotheses and test for a significant increase in the mean domestic airfare for business travel for the one-year period.Ho: Hd = 0Hai Hy#0Ho: Hg #0Ha: Hd = 0Ha: Hd> 00 5 Pri :ºH

We know that, Mean = ΣXi/n Standard deviation, s=√(Xi-Mean)2/(n-1)

Answered: A travel association reported the…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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A study on the probable number of enrollees in a school the next school year based on their enrolment statistics in a school for a 5-year period. Descriptive research Correlational research Experimental Research Historical quantitative research Causal research
You may need to use the appropriate appendix table or technology to answer this question. The increasing annual cost (including tuition, room, board, books, and fees) to attend college has been widely discussed (Time.com). The following random samples show the annual cost of attending private and public colleges. Data are in thousands of dollars. Private Colleges Public Colleges 52.8 43.2 46.0 32.3 44.0 20.3 22.0 28.2 15.6 24.1 28.5 31.6 44.8 36.8 51.5 42.0 22.8 25.8 18.5 25.6 14.4 21.8 (a) Compute the sample mean (in thousand dollars) and sample standard deviation (in thousand dollars) for private colleges. (Round the standard deviation to two decimal places.) sample mean | thousand sample standard deviation thousand Compute the sample mean (in thousand dollars) and sample standard deviation (in thousand dollars) for public colleges. (Round the standard deviation to two decimal places.) | thousand | thousand sample mean $4 sample standard deviation $ (b) What is the point estimate (in…
7h. A travel association reported the domestic airfare (in dollars) for business travel for the current year and the previous year. Below is a sample of 12 flights with their domestic airfares shown for both years. CurrentYear PreviousYear 345 315 526 451 420 450 216 206 285 263 405 432 635 585 710 650 605 545 517 547 570 496 610 580 Calculate the test statistic. (Use current year airfare − previous year airfare. Round your answer to three decimal places.) Calculate the p-value. (Round your answer to four decimal places.) p-value =
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