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neezy neezy
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A year ago

Independent random samples taken on two university campuses revealed the following information concerning the average amount of money spent on textbooks during the fall semester.

 

 

University A

University B

Sample Size

50

40

Average Purchase

$260

$250

Standard Deviation (σ)

$ 20

$ 23


We want to determine if, on the average, students at University A spent more on textbooks then the students at University B.
 

a.Compute the test statistic.
b.Compute the p-value.
c.What is your conclusion? Let α = .05.

Textbook 
Essentials of Statistics for Business and Economics

Essentials of Statistics for Business and Economics


Edition: 7th
Authors:
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bwhurdbwhurd
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A year ago
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neezy Author
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A year ago
Helped a lot
erimis
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Just got PERFECT on my quiz
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Brilliant ツ
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