Difference in mean amount spent on books at two companies

Assignment Help Basic Statistics
Reference no: EM131656652

Question: Students attending West Valley Community College buy their textbooks online from one of two different book sellers because the college does not have a bookstore. The following data represent sample amounts that students spend on books per term:

1418_14.png

a. Do these data indicate a difference in mean textbook prices for the two companies? Apply the Mann- Whitney U test with a significance level of 0.10.

b. Apply the t-test to determine whether the data indicate a difference between the mean amount spent on books at the two companies. Use a significance level of 0.10. Indicate what assumptions must be made to apply the t-test.

Reference no: EM131656652

Questions Cloud

What kind of costs do people in business face : 1. How do calculate a marginal cost or marginal benefit if number are given? 2. Why do marginal costs tend to rise, and marginal benefit tend to fall.
Describe the disorder in terms of symptom presentation : Discuss treatment options for this disorder, being sure to outline both pharmacological and therapy-based options.
Examine the largest average sales levels for the new product : Hunter executives want you to determine which of the two advertising plans leads to the largest average sales levels for the new product.
How effectively is the policy being implemented : How effectively is the policy being implemented? Are appropriate public resources being applied to the implementation?
Difference in mean amount spent on books at two companies : Apply the t-test to determine whether the data indicate a difference between the mean amount spent on books at the two companies. Use a significance level of 0.
How much did prices rise between base year and current year : If the CPI is 100 in the base year and 108 in the current year, how much did prices rise between the base year and the current year?
Review case study of the journal articles : In the library, locate two journal articles that use one of the nonparametric tests discussed in this chapter. Prepare a brief outline of the articles.
Explain how stable is the currency against the us dollar : Explain how stable is the currency against the U.S. dollar? What are the projections for this country's expansion over the next 10 years?
Calculate the probability of possible mann-whitney u-values : Calculate this value for n1 = 2 and n2 = 3. Now calculate the probability of any one of the possible Mann-Whitney U-values.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Estimating r-square from the regression equation

A partial computer output from a regression analysis as follows. The regression equation is:

  Interpret the parameter estimates

Refer to Table 2.10 on death penalty decisions. Fit a logistic model with the two race predictors. a. Test the model goodness of fit. Interpret.

  Confidence the test score at a school

Predict with 95% confidence the test score at a school where 50% of the mathematics teachers have mathematics degrees, the mean age is 43, and the mean annual income is $48,30.

  Significance level what conclude-theory is a natural cycle

Using the 0.05 significance level what should we conclude about the theory that 24hrs. is a natural cycle? a) use hypothesis steps b) sketch distribution c) explain to someone who never took this course.

  Suppose the sum of the resulting sample ranges

Subgroups of power supply units are selected once each hour from an assembly line, and the high-voltage output of each unit is determined.

  Geometric distribution applies

Assume the geometric distribution applies. Use the given probability of success p to find the indicated probability.

  What is the probability that at least 2 of the presidents

what is the probability that at least 2 of the presidents of the united states have died on the same day of the year?

  The performance of quality inspectors affects both the

the performance of quality inspectors affects both the quality of outgoing products and the cost the products. a

  Average rate charged by credit cards

Test the financial analyst's belief that the average rate charged by credit cards with monthly fees is less than 14%. Use a 5% significance level.

  An insurance company wants to determine if their clients

insurance companies track life expectancy information to assist in determining the cost of life insurance policies.

  Make a histogram and obtain descriptive statistics

Eynesbury: Quantitative Methods for Business 2016(1) Assignment. Make a histogram and obtain Descriptive Statistics, including Quartile 1 and Quartile 3, for gross cash sales and for gross credit card sales

  It is estimated that about 15000 different telephone

telephone numbers at uc davis consist of 7-digit numbers the first 3 of which are 752. it is estimated that about

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd