Fairfield Homes is developing two parcels near Pigeon Fork, Tennessee. In order to test different advertising approaches, it uses different media to reach potential buyers. The mean annual family income for 14 people making inquiries at the first development is $146,000, with a standard deviation of $39,000. A corresponding sample of 25 people at the second development had a mean of $183,000, with a standard deviation of $26,000. Assume the population standard deviations are the same. At the 0.01 significance level, can Fairfield conclude that the population means are different? a. State the decision rule for 0.01 significance level: Hg: H1 = H2i H;H # µz. (Negative amounts should be indicated by a minus sign. Round your answers to 3 decimal places.) Reject H0 if t is not between and b. Compute the value of the test statistic. (Negative amount should be indicated by a minus sign. Round your answer to 3 decimal places.) Value of the test statistic c. At the 0.01 significance level, can Fairfield conclude that the population means are different? HO. Fairfield conclude that the population means are different.

Fairfield Homes is developing two parcels near Pigeon Fork, Tennessee. In order to test different advertising approaches, it uses different media to reach potential buyers. The mean annual family income for 14 people making inquiries at the first development is $146,000, with a standard deviation of $39,000. A corresponding sample of 25 people at the second development had a mean of $183,000, with a standard deviation of $26,000. Assume the population standard deviations are the same. At the 0.01 significance level, can Fairfield conclude that the population means are different? a. State the decision rule for 0.01 significance level: Hg: H1 = H2i H;H # µz. (Negative amounts should be indicated by a minus sign. Round your answers to 3 decimal places.) Reject H0 if t is not between and b. Compute the value of the test statistic. (Negative amount should be indicated by a minus sign. Round your answer to 3 decimal places.) Value of the test statistic c. At the 0.01 significance level, can Fairfield conclude that the population means are different? HO. Fairfield conclude that the population means are different.

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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