he Global Business Travel Association reported the domestic airfare for business travel for the current year and previous years (INC, Magazine, February, 2012).  Below is sample of 12 flights with their domestic airfares shown for both years. Current year 345 526 420 216 285 405 635 710 605 517 570 610 Previous years 315 463 462 206 275 432 585 650 545 547 508 580 Formulate the hypotheses and test for a significant increase in the mean domestic airfare for business travel for the one-year period.  Using a 0.05 level of significance, what is your conclusion? What is the sample mean domestic airfare for business travel for each year? What is the percentage change in the airfare for the one year period?

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The Global Business Travel Association reported the domestic airfare for business travel for the current year and previous years (INC, Magazine, February, 2012).  Below is sample of 12 flights with their domestic airfares shown for both years.

Current year

345

526

420

216

285

405

635

710

605

517

570

610

Previous years

315

463

462

206

275

432

585

650

545

547

508

580

Formulate the hypotheses and test for a significant increase in the mean domestic airfare for business travel for the one-year period.  Using a 0.05 level of significance, what is your conclusion?

What is the sample mean domestic airfare for business travel for each year?

What is the percentage change in the airfare for the one year period?

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