Computing hypothesis testing and p-value

Reference no: EM13109965

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

Population Standard Deviation $ 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 alpha = .05.

Reference no: EM13109965

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