Use the file on Blackboard called "Excel Databases.xlsx". Locate the Manufacturer tab. Test to determine if there is a significant difference between Mean Value Added by the manufacturer and the mean Cost of Materials in manufacturing assuming a 1% level of significance. Use Excel to perform the appropriate two-sample t-test as indicated by your conclusion from the F-test. What is the value of the test statistic output by Excel when running the two-sample t-test? O a. 2.34 O b. 0.39 Oc. 0.51 O d. 0.66

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Cost of Materials

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Value Added by Mfg.

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Use the file on Blackboard called "Excel Databases.xlsx". Locate the Manufacturer tab. Test to determine if there is a significant difference
between Mean Value Added by the manufacturer and the mean Cost of Materials in manufacturing assuming a 1% level of significance. Use
Excel to perform the appropriate two-sample t-test as indicated by your conclusion from the F-test. What is the value of the test statistic
output by Excel when running the two-sample t-test?
О а. 2.34
O b.0.39
О с. 0.51
O d. 0.66
Transcribed Image Text:Use the file on Blackboard called "Excel Databases.xlsx". Locate the Manufacturer tab. Test to determine if there is a significant difference between Mean Value Added by the manufacturer and the mean Cost of Materials in manufacturing assuming a 1% level of significance. Use Excel to perform the appropriate two-sample t-test as indicated by your conclusion from the F-test. What is the value of the test statistic output by Excel when running the two-sample t-test? О а. 2.34 O b.0.39 О с. 0.51 O d. 0.66
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