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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 a = 0.05.) 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. H₂H₁ 2H₂ H₁ H₂ H₂ OD. Ho: #₁ #₂ H₁: P₁ P₂ Brand Values 628 636 Technology Financial Institutions 265 399 456 414 449 531 518 849 838 823 975 983 1035 1091 Print Done - X

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 a = 0.05.) 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. H₂H₁ 2H₂ H₁ H₂ H₂ OD. Ho: #₁ #₂ H₁: P₁ P₂ Brand Values 628 636 Technology Financial Institutions 265 399 456 414 449 531 518 849 838 823 975 983 1035 1091 Print Done - X

MATLAB: An Introduction with Applications
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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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 = 0.05.) 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. 4₁ OA. Ho: ₁2H₂ H₁: H₁ <H₂ C. Ho: H₁ H2 H₁: H₁ H₂ C Find the test statistic. tSTAT (Round to two decimal places as needed.) OB. Ho: H1 H₂ H₁: H₁> H₂ OD. Ho Hi#H2 H₁: H₁=H₂ Brand Values Technology Financial Institutions 265 399 456 414 449 531 628 636 518 849 838 823 975 983 1035 1091 Print Done - X
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 = 0.05.) 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. 4₁ OA. Ho: ₁2H₂ H₁: H₁ <H₂ C. Ho: H₁ H2 H₁: H₁ H₂ C Find the test statistic. tSTAT (Round to two decimal places as needed.) OB. Ho: H1 H₂ H₁: H₁> H₂ OD. Ho Hi#H2 H₁: H₁=H₂ Brand Values Technology Financial Institutions 265 399 456 414 449 531 628 636 518 849 838 823 975 983 1035 1091 Print Done - X
Expert Solution
Step 1: Determine the given variables.

The question is about hypothesis testing.

Given :

No. of observations in the technology sector ( n1 ) = 8

No. of observations in the financial institutions sector ( n2 ) = 8

Statistics homework question answer, step 1, image 1


To find :

Is there any evidence that the mean brand value is different for the technology sector than the financial institutions sector ?

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