Tom Sevits is the owner of the Appliance Patch. Recently Tom observed a difference in the dollar value of sales between the men and women he employs as sales associates. A sample of 40 days revealed the men sold a mean of $1,400 worth of appliances per day. For a sample of 50 days, the women sold a mean of $1,500 worth of appliances per day. Assume the population standard deviation for men is $200 and for women $250. At the .05 significance level, can Mr. Sevits conclude that the mean amount sold per day is larger for the women? (a)State the null hypothesis and the alternate hypothesis. (b) What is the decision rule? (c) What is the value of the test statistic?
Tom Sevits is the owner of the Appliance Patch. Recently Tom observed a difference in the dollar value of sales between the men and women he employs as sales associates. A sample of 40 days revealed the men sold a mean of $1,400 worth of appliances per day. For a sample of 50 days, the women sold a mean of $1,500 worth of appliances per day. Assume the population standard deviation for men is $200 and for women $250. At the .05 significance level, can Mr. Sevits conclude that the mean amount sold per day is larger for the women?
(a)State the null hypothesis and the alternate hypothesis.
(b) What is the decision rule?
(c) What is the value of the test statistic?
(d) What is your decision regarding the null hypothesis?
(e)What is the p-value? (f) Interpret the result.
(f)Obtain the 95% confidence interval for the difference between means.
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