Testing the claim for flights scheduling

Reference no: EM13102416

A buyer wants to compare the cost (in dollars) of airline tickets purchased one day in advance to purchased 30 days in advance for flights from New York (JFK) to San Francisco for various airlines. Use a 0.01 significance level to test the claim that flights scheduled one day in advance cost more than flights scheduled 30 days in advance. A computer is used and it is found that the P-value = 0.0016. What can you state about the sample (independent or dependent) and what can you conclude about the evidence?

Reference no: EM13102416

Questions Cloud

Determining customer arrival : Customers arrive to the company at a rate, on average, of one per hour with a Poisson distribution. The company is staffed by a single individual(the owner) who takes on average 30 minutes with each customer with a standard deviation of 15 minute..

How to enhance cognitive and language skills : Do you notice any enhancement in cognitive and language skills since age 4? Provide example. Does your child have any special requirements with regard to cognitive or language development.

Difference between the two statistics mean to the players : According to the National Football League, the average salary for players for the 2010 season was about $1.9 million while the median salary is around $770,000. Why are both numbers reported? What might the difference between the two statistics me..

What is the period : A sine wave is traveling along a string. The time for a particular point to move from maximum displacement to zero is 0.880 s. What is the period?

Testing the claim for flights scheduling : Use a 0.01 significance level to test the claim that flights scheduled one day in advance cost more than flights scheduled 30 days in advance.

How many electrons are transferred with each rotation : I put a packing peanut on top of it, and it only took one rotation--or crank--to knock the material off from the machine and onto the ground. mass of the peanut=.001 kg, distance from the machine to the peanut=.0005m.

Describe principles in effective interpersonal communication : Describe the principles and misconceptions in effective interpersonal communications. Recognize barriers to effective interpersonal interactions.

How does the mass and electric charge of a proton : How does the mass and electric charge of a proton compare with the mass and charge of an electron?

Prepare journal entries to account for the transactions : Prepare journal entries to account for the transactions and information described in Exhibits 1-2 and 1-3 and prepare a revised statement of financial position after the journal entries prepared in Required 1 have been recorded.

User Account

All Pages