You may need to use the appropriate appendix table or technology to answer this question. Consider the following hypothesis test. Hoi Hy - Hz S0 Hi H1 - H2 >0 The following results are for two independent samples taken from the two populations. Sample 1 Sample 2 n1 = 40 = 50 %3D n2 x, - 25.1 X2 = 22.8 o = 5.3 2 = 6 (a) What is the value of the test statistic? (Round your answer to two decimal places.) 1.93

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Chapter1: Making Economics Decisions
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I need a correct answer for the p-value

You may need to use the appropriate appendix table or technology to answer this question.
Consider the following hypothesis test.
Ho: H1 - H2 30
H3: H1 - H2 > 0
The following results are for two independent samples taken from the two populations.
Sample 1
Sample 2
n, = 40
n2 = 50
x, = 25.1
X2 = 22.8
01 = 5.3
02 = 6
(a) What is the value of the test statistic? (Round your answer to two decimal places.)
1.93
(b) What is the p-value? (Round your answer to four decimal places.)
l0.0268
(c) With a = 0.05, what is your hypothesis testing conclusion?
O Do not reject Ho. There is insufficient evidence to conclude that u, - p, > 0.
O Reject H. There is sufficient evidence to conclude that u, - 4, > 0.
O Reject Hn. There is insufficient evidence to conclude that u, - µ, > 0.
O Do not Reject Ho. There is sufficient evidence to conclude that H - H2 > 0.
Transcribed Image Text:You may need to use the appropriate appendix table or technology to answer this question. Consider the following hypothesis test. Ho: H1 - H2 30 H3: H1 - H2 > 0 The following results are for two independent samples taken from the two populations. Sample 1 Sample 2 n, = 40 n2 = 50 x, = 25.1 X2 = 22.8 01 = 5.3 02 = 6 (a) What is the value of the test statistic? (Round your answer to two decimal places.) 1.93 (b) What is the p-value? (Round your answer to four decimal places.) l0.0268 (c) With a = 0.05, what is your hypothesis testing conclusion? O Do not reject Ho. There is insufficient evidence to conclude that u, - p, > 0. O Reject H. There is sufficient evidence to conclude that u, - 4, > 0. O Reject Hn. There is insufficient evidence to conclude that u, - µ, > 0. O Do not Reject Ho. There is sufficient evidence to conclude that H - H2 > 0.
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