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
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
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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I need a correct answer for the p-value

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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