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An analysis of water testing to determine lead content was conducted in the metropolitan area. Specifically samples were taken at 100 homes in the area of Guaynabo and another 100 samples were taken in the area of Hato Rey. In the study you want to check if there is a difference between the average levels of lead in these areas. The following table presents the results of sampling for each area.
Guaynabo
Hato Rey
Sample Size
100
Average (ppm)
34.1
36.0
Standard deviation (ppm)
5.9
6.0
1. Perform hypothesis test using α = 0.05.
2. When the test of hypothesis with a fixed level of significance (α = 0.05) has the disadvantage that the researcher truly does not know how far or how close is the value of the test statistic in the critical region. Calculate the p-value (i.e., true value of probability of an event) for this study.
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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