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
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question

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

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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