Send Love Greetings company would like to test the hypothesis thatthe average amount of money spent per person on Valentine's Dayincreased by more than $10 this year when compared to last year.The following data represents the amount of money that the sameeight individuals spent on Valentine's Day during the past two years:Person36.7.8.Last$140 $113 $86 $147 $140 $162 $150 $142YearThis$133 $110 $156 $170 $160 $166 $183 $154YearDefined Population 1 as this year and Population 2 as last year,Use the critical value approach to test this hypothesisat the 0.05 level of significance? (Please form the hypothesis testclearly.)• State the Null and Alternative Hypothesis.• Use "Critical value" approach and show the calculationscompletely.• State the critical value and its degrees of freedom.• State your decision and conclusions explicitly.5.4.2)1.

This question is based on paired t test. This test is performed to compare two groups of the same…

Answered: Defined Population 1 as this year and…

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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