The data below represents the daily rental for a compact automobile charged by two car rental companies in 10 random locations. Company A Company B 25.31 21.99 29.49 49.99 21.99 20.99 28.98 35.99 25.81 25.55 21.96 22.99 27.90 29.99 45.75 38.99 35.77 27.99 29.79 25.79 Test whether Company A is less expensive than Company B at a 0.01 level of significance. What is the critical value, test statistic, pvalue, and the decision for this hypothesis test?
The data below represents the daily rental for a compact automobile charged by two car rental companies in 10 random locations. Company A Company B 25.31 21.99 29.49 49.99 21.99 20.99 28.98 35.99 25.81 25.55 21.96 22.99 27.90 29.99 45.75 38.99 35.77 27.99 29.79 25.79 Test whether Company A is less expensive than Company B at a 0.01 level of significance. What is the critical value, test statistic, pvalue, and the decision for this hypothesis test?
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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The data below represents the daily rental for a compact automobile charged by two car rental companies in 10 random locations.
Company A | Company B |
---|---|
25.31 | 21.99 |
29.49 | 49.99 |
21.99 | 20.99 |
28.98 | 35.99 |
25.81 | 25.55 |
21.96 | 22.99 |
27.90 | 29.99 |
45.75 | 38.99 |
35.77 | 27.99 |
29.79 | 25.79 |
Test whether Company A is less expensive than Company B at a 0.01 level of significance. What is the critical value, test statistic, pvalue, and the decision for this hypothesis test?
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