Answered: A. Determine the test statistic B.…

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter10: Statistics

Section10.2: Representing Data

Problem 22PFA

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A. Determine the test statistic

B. What are the critical values

C. What is the p value

Transcribed Image Text:An evaluation was recently performed on brands and data were collected that classified each brand as being in the technology or financial institutions sector and also reported the brand value. The results in terms of value (in millions of dollars) are shown in the accompanying data table. Complete parts (a) through (c). Click the icon to view the data table. a. Assuming the population variances are equal, is there evidence that the mean brand value is different for the technology sector than for the financial institutions sector? (Use α = 0.1.) Determine the hypotheses. Let μ, be the mean brand value for the technology sector and μ₂ be the mean brand value for the financial institutions sector. Choose the correct answer below. A. Ho: H₁ = H₂ H₁: H₁ H₂ OC. Ho: H₁ H₂ H₁: H₁ H₂ Find the test statistic. tSTAT = (Round to two decimal places as needed.) Brand Values (…) 469 469 456 552 617 622 O B. Ho: Hi#H2 H₁:1₁=H₂ O D. Ho: ₁2H₂ H₁: H₁ H₂ Technology Financial Institutions 292 352 592 814 837 853 934 979 1002 1068 Print Done - X

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