Testing for the level of risk


Assignment:

Two rival book companies offer a special discount deal to a college for textbooks in math and science. Since the discount is the same and the quality of books appears to be the same, the manager of the book store has to make a decision. She conducts a random sampling of prices of math and science books from both companies. Below are the results. At the 5% level of risk, what should she decide? Complete the test.

Company ABC    Company XYZ

= $4                        = $50
= 36                        = 36

(a)    (1) H0:

(b)    (1) H1:

(c)    (2) Critical Values:

(d)    (3) Test Statistic (Show procedure.) t =

(e)    (1) Decision on H0:

(f) (2) Conclusion on the problem:

Use your hand calculator to find the effect size for the data in #1 above. Is this ES meaningful?

Solution Preview :

Prepared by a verified Expert
Basic Statistics: Testing for the level of risk
Reference No:- TGS01894185

Now Priced at $30 (50% Discount)

Recommended (93%)

Rated (4.5/5)