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 Current Year Previous Year 315 576 510 534 462 264 597 243 276 387 282 288 432 234 648 306 534 465 693 549 273 75 381 522 a. Formulate the hypotheses and test for a significant increase in the mean domestic airfare for business travel for the one-year period. Ho: Hd Select your answer - H. pa - Select your answer What is the p-value? t-value (to 3 decimals) Degrees of freedom p-value is Select your answer - Using a 0.05 level of significance, what is your conclusion? v that there has been a significance increase in business travel airfares over the one- We - Select your answer- 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 Current Year Previous Year 315 576 510 534 462 264 597 243 276 387 282 288 432 234 648 306 534 465 693 549 273 75 381 522 a. Formulate the hypotheses and test for a significant increase in the mean domestic airfare for business travel for the one-year period. Ho: Hd Select your answer - H. pa - Select your answer What is the p-value? t-value (to 3 decimals) Degrees of freedom p-value is Select your answer - Using a 0.05 level of significance, what is your conclusion? v that there has been a significance increase in business travel airfares over the one- We - Select your answer- 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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