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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= Using a 0.05 level of significance, what is your conclusion? 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-year period. 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 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. 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. (b) What is the sample mean domestic airfare (in dollars) for business travel for each year? current previous $ (c) What is the percentage change in mean airfare for the one-year period? (Round your answer to one decimal place.) %

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= Using a 0.05 level of significance, what is your conclusion? 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-year period. 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 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. 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. (b) What is the sample mean domestic airfare (in dollars) for business travel for each year? current previous $ (c) What is the percentage change in mean airfare for the one-year period? (Round your answer to one decimal place.) %

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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Calculate the test statistic. (Use current year airfare Calculate the p-value. (Round your answer to four decimal places.) p-value = Using a 0.05 level of significance, what is your conclusion? 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-year period. 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 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. 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. current $ previous $ (b) What is the sample mean domestic airfare (in dollars) for business travel for each year? - Need Help? 64°F Cloudy previous year airfare. Round your answer to three decimal places.) (c) What is the percentage change in mean airfare for the one-year period? (Round your answer to one decimal place.) % Read It Watch It ? hp W
Transcribed Image Text:Calculate the test statistic. (Use current year airfare Calculate the p-value. (Round your answer to four decimal places.) p-value = Using a 0.05 level of significance, what is your conclusion? 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-year period. 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 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. 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. current $ previous $ (b) What is the sample mean domestic airfare (in dollars) for business travel for each year? - Need Help? 64°F Cloudy previous year airfare. Round your answer to three decimal places.) (c) What is the percentage change in mean airfare for the one-year period? (Round your answer to one decimal place.) % Read It Watch It ? hp W
DATAfile: Business Travel You may need to use the appropriate technology to answer this question. The Global Business 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 years. esc Current Year 64°F Cloudy 345 ? 526 420 216 285 405 635 710 605 517 570 Previous Year 610 0 Hoi Hd #0 H₂: d=0 Hai 315 Hoid=O H:#0 463 462 206 275 432 585 650 545 (a) Formulate the hypotheses and test for a significant increase in the mean domestic airfare for business travel for the one-year period. Hoi Hd So HVO 547 508 580 f4 H f5 f6 4- f7 4+ fg IAA fg hp DII f10 fi f12 insert port sc delete home end 2:42 PM 10/9/2022 pg up
Transcribed Image Text:DATAfile: Business Travel You may need to use the appropriate technology to answer this question. The Global Business 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 years. esc Current Year 64°F Cloudy 345 ? 526 420 216 285 405 635 710 605 517 570 Previous Year 610 0 Hoi Hd #0 H₂: d=0 Hai 315 Hoid=O H:#0 463 462 206 275 432 585 650 545 (a) Formulate the hypotheses and test for a significant increase in the mean domestic airfare for business travel for the one-year period. Hoi Hd So HVO 547 508 580 f4 H f5 f6 4- f7 4+ fg IAA fg hp DII f10 fi f12 insert port sc delete home end 2:42 PM 10/9/2022 pg up
Expert Solution
Step 1

Given:

Total number of flights=12

Sample is:

Current year previous year
345 315
526 463
420 462
216 206
285 275
405 432
635 585
710 650
605 545
517 547
570 508
610 580

 

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