The value of the test statistic: (Round to at least three decimal places.) The p-value: (Round to at least three decimal places.) Can we reject the claim that the mean spending on prescription allergy relief medication is greater than or equal to the mean spending on non- prescription allergy relief medication? Yes O No

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The value of the test statistic:
(Round to at least three
decimal places.)
The p-value:
(Round to at least three
decimal places.)
Can we reject the claim that the mean spending on
prescription allergy relief medication is greater
than or equal to the mean spending on non-
O Yes
O No
prescription allergy relief medication?
Transcribed Image Text:The value of the test statistic: (Round to at least three decimal places.) The p-value: (Round to at least three decimal places.) Can we reject the claim that the mean spending on prescription allergy relief medication is greater than or equal to the mean spending on non- O Yes O No prescription allergy relief medication?
9:59
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Week 10 - ALEKS Quiz 5
Time Remaining: 1:39:24
A study conducted by the research department of a pharmaceutical
company claims that the annual spending (per person) for prescription
drugs for allergy relief, u, is greater than or equal to the annual
spending (per person) for non-prescription allergy relief medicine, p,. A
health insurance company conducted an independent study and
collected data from a random sample of 265 individuals for prescription
allergy relief medicine. The sample mean is found to be 17.5 dollars/year,
with a sample standard deviation of 5.6 dollars/year. They have also
collected data for non-prescription allergy relief medicine. An
independent random sample of 220 individuals yielded a sample mean of
18.5 dollars/year, and a sample standard deviation of 4.5 dollars/year.
Since the sample size is quite large, it is assumed that the population
standard deviation of the sales (per person) for prescription and non-
prescription allergy relief medicine can be estimated by using the
sample standard deviation values given above. Is there sufficient
evidence to reject the claim made by the research department of the
company, at the 0.01 level of significance? Perform a one-tailed test. Then
fill in the table below.
Carry your intermediate computations to at least three decimal places
and round your answers as specified in the table. (If necessary, consult
a list of formulas.)
The null hypothesis:
The alternative hypothesis:
O-O OsO O20
The type of test statistic:
(Choose one)
The value of the test statistic
(Round to at least three
decimal places.)
The p-value:
(Round to at least three
decimal places.)
Can we reject the claim that the mean spending on
prescription allergy relief medication is greater
than or equal to the mean spending on non-
prescription allergy relief medication?
O Yes
O No
Continue
Submit Assignment
Transcribed Image Text:9:59 AA www-awn.aleks.com Week 10 - ALEKS Quiz 5 Time Remaining: 1:39:24 A study conducted by the research department of a pharmaceutical company claims that the annual spending (per person) for prescription drugs for allergy relief, u, is greater than or equal to the annual spending (per person) for non-prescription allergy relief medicine, p,. A health insurance company conducted an independent study and collected data from a random sample of 265 individuals for prescription allergy relief medicine. The sample mean is found to be 17.5 dollars/year, with a sample standard deviation of 5.6 dollars/year. They have also collected data for non-prescription allergy relief medicine. An independent random sample of 220 individuals yielded a sample mean of 18.5 dollars/year, and a sample standard deviation of 4.5 dollars/year. Since the sample size is quite large, it is assumed that the population standard deviation of the sales (per person) for prescription and non- prescription allergy relief medicine can be estimated by using the sample standard deviation values given above. Is there sufficient evidence to reject the claim made by the research department of the company, at the 0.01 level of significance? Perform a one-tailed test. Then fill in the table below. Carry your intermediate computations to at least three decimal places and round your answers as specified in the table. (If necessary, consult a list of formulas.) The null hypothesis: The alternative hypothesis: O-O OsO O20 The type of test statistic: (Choose one) The value of the test statistic (Round to at least three decimal places.) The p-value: (Round to at least three decimal places.) Can we reject the claim that the mean spending on prescription allergy relief medication is greater than or equal to the mean spending on non- prescription allergy relief medication? O Yes O No Continue Submit Assignment
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