The Global Business Travel Association reported the domestic airfare for business travel for the current year and the previous year. Below is a sample of 12 flights with their domestic airfares shown for both years. Do not round intermediate calculations. Current Year Previous Year 408 489 453 213 627 336 219 261 345 258 405 531 a. Formulate the hypotheses and test for a significant increase in the mean domestic airfare for business travel for the one-year period. Ho: μα s H₂ Hd What is the p-valu Current Year Previous Year 399 411 219 294 327 357 693 768 540 279 237 312 0 0 t-value Degrees of freedom p-value is greater than 0.20 Using a 0.05 level of significance, what is your conclusion? We cannot conclude (to 3 decimals) that there has been a significance increase in business travel airfares over the one-year period. b. What is the sample mean domestic airfare for business travel for each year? Current Year $ (to 2 decimals) Previous Year $ (to 2 decimals) c. What is the percentage change in the airfare for the one-year period? % (to 2 decimals)
The Global Business Travel Association reported the domestic airfare for business travel for the current year and the previous year. Below is a sample of 12 flights with their domestic airfares shown for both years. Do not round intermediate calculations. Current Year Previous Year 408 489 453 213 627 336 219 261 345 258 405 531 a. Formulate the hypotheses and test for a significant increase in the mean domestic airfare for business travel for the one-year period. Ho: μα s H₂ Hd What is the p-valu Current Year Previous Year 399 411 219 294 327 357 693 768 540 279 237 312 0 0 t-value Degrees of freedom p-value is greater than 0.20 Using a 0.05 level of significance, what is your conclusion? We cannot conclude (to 3 decimals) that there has been a significance increase in business travel airfares over the one-year period. b. What is the sample mean domestic airfare for business travel for each year? Current Year $ (to 2 decimals) Previous Year $ (to 2 decimals) c. What is the percentage change in the airfare for the one-year period? % (to 2 decimals)
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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