Consider the following competing hypotheses and accompanying sample data. (You may find it useful to reference the appropriate table: z table or ttable) Ho: P1 - P2 ≥ 0 HA: P1 P2 <0 x1 = 223 01 = 418 x2 = 245 n2 = 418 a. Calculate the value of the test statistic. (Negative value should be indicated by a minus sign. Round final answer to 2 decimal places.) Test statistic
Consider the following competing hypotheses and accompanying sample data. (You may find it useful to reference the appropriate table: z table or ttable) Ho: P1 - P2 ≥ 0 HA: P1 P2 <0 x1 = 223 01 = 418 x2 = 245 n2 = 418 a. Calculate the value of the test statistic. (Negative value should be indicated by a minus sign. Round final answer to 2 decimal places.) Test statistic
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Consider the following competing hypotheses and accompanying sample data. (You may find it useful
table: z table or ttable)
Ho: P1 P2 ≥ 0
HA: P1 P2 < 0
x1 = 223
n1 = 418
x2 = 245
n2 = 418
Test statistic
reference the appropriate
a. Calculate the value of the test statistic. (Negative value should be indicated by a minus sign. Round final answer to 2 decimal
places.)
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