After seeing countless commercials claiming one can get cheaper car insurance from an online company, a local insurance agent was concerned that he might lose some customers. To investigate, he randomly selected profiles for 10 of his clients and checked online price quotes for their policies. Then, based on paired data on the 10 clients (the price he offered them and the corresponding online quote) and using Excel’s t-test for paired data, he obtained t-statistic = 0.709 p-value = 0.248 Note that the above is based on the difference between his price and online quotes.

What are the null and alternative hypotheses, respectively?

Answers

Answer 1

Answer:

Null Hypothesis, [tex]H_0[/tex] : [tex]\mu_d[/tex] = 0

Alternate Hypothesis, [tex]\mu_d\neq[/tex] 0    

Step-by-step explanation:

We are given that a local insurance agent randomly selected profiles for 10 of his clients and checked online price quotes for their policies.

Then, based on paired data on the 10 clients (the price he offered them and the corresponding online quote), he obtained t-statistic = 0.709 p-value = 0.248.

Here , we will use the concept of Paired data test statistics because the prices that the local insurance agent offered and the corresponding online quotes are from the same single data. These information has not been taken from the two independent samples.

So, Null Hypothesis, [tex]H_0[/tex] : [tex]\mu_d[/tex] = 0    

Alternate Hypothesis, [tex]\mu_d\neq[/tex] 0    

Here, null hypothesis states that there is no difference between the price he offered them and the corresponding online quote.

On the other hand, alternate hypothesis states that there is difference between the price he offered them and the corresponding online quote.

Hence, this would be the correct null and alternative hypothesis.


Related Questions

A university found that 20% of its students withdraw without completing the introductory statistics course. Assume that 20 students registered for the course. (Round your answers to four decimal places.) (a) Compute the probability that 2 or fewer will withdraw. (b) Compute the probability that exactly 4 will withdraw. (c) Compute the probability that more than 3 will withdraw. (d) Compute the expected number of withdrawals.

Answers

Answer:

(a) Probability that 2 or fewer will withdraw is 0.2061.

(b) Probability that exactly 4 will withdraw is 0.2182.

(c) Probability that more than 3 will withdraw is 0.5886.

(d) The expected number of withdrawals is 4.

Step-by-step explanation:

We are given that a university found that 20% of its students withdraw without completing the introductory statistics course.

Assume that 20 students registered for the course.

The above situation can be represented through binomial distribution;

[tex]P(X =r) = \binom{n}{r} \times p^{r} \times (1-p)^{n-r};x=0,1,2,3,......[/tex]

where, n = number of trials (samples) taken = 20 students

            r = number of success  

            p = probability of success which in our question is probability  

                  that students withdraw without completing the introductory  

                  statistics course, i.e; p = 20%

Let X = Number of students withdraw without completing the introductory statistics course

So, X ~ Binom(n = 20 , p = 0.20)

(a) Probability that 2 or fewer will withdraw is given by = P(X [tex]\leq[/tex] 2)

P(X [tex]\leq[/tex] 2) =  P(X = 0) + P(X = 1) + P(X = 2)

=  [tex]\binom{20}{0} \times 0.20^{0} \times (1-0.20)^{20-0}+ \binom{20}{1} \times 0.20^{1} \times (1-0.20)^{20-1}+ \binom{20}{2} \times 0.20^{2} \times (1-0.20)^{20-2}[/tex]

=  [tex]1 \times1 \times 0.80^{20}+ 20 \times 0.20^{1} \times 0.80^{19}+ 190\times 0.20^{2} \times 0.80^{18}[/tex]

=  0.2061

(b) Probability that exactly 4 will withdraw is given by = P(X = 4)

                      P(X = 4) =  [tex]\binom{20}{4} \times 0.20^{4} \times (1-0.20)^{20-4}[/tex]

                                 =  [tex]4845\times 0.20^{4} \times 0.80^{16}[/tex]

                                 =  0.2182

(c) Probability that more than 3 will withdraw is given by = P(X > 3)

P(X > 3) =  1 - P(X [tex]\leq[/tex] 3) = 1 - P(X = 0) - P(X = 1) - P(X = 2) - P(X = 3)

=  [tex]1-(\binom{20}{0} \times 0.20^{0} \times (1-0.20)^{20-0}+ \binom{20}{1} \times 0.20^{1} \times (1-0.20)^{20-1}+ \binom{20}{2} \times 0.20^{2} \times (1-0.20)^{20-2}+\binom{20}{3} \times 0.20^{3} \times (1-0.20)^{20-3})[/tex]

=  [tex]1-(1 \times1 \times 0.80^{20}+ 20 \times 0.20^{1} \times 0.80^{19}+ 190\times 0.20^{2} \times 0.80^{18}+1140\times 0.20^{3} \times 0.80^{17})[/tex]

=  1 - 0.4114 = 0.5886

(d) The expected number of withdrawals is given by;

                        E(X)  =  [tex]n\times p[/tex]

                                 =  [tex]20 \times 0.20[/tex] = 4 withdrawals

Pls answer this question I give brainliest thank you! Number 2

Answers

Answer:

Step-by-step explanation:

Answer:

D. 625

Step-by-step explanation:

If the side length for each block is 2 1/2 then two blocks together make 5 so 4 blocks going up makes the height 10 and two blocks for the width make 5 and the 5 blocks on the bottom going across for length make 12 1/2 and 5*10*12 1/2= 625

A bag contains 3 red marbles and 6 blue marbles. A second bag contains 6 green marbles and 4 yellow marbles. You choose a marble from bag A and then a marble from bag B, what would be the probability of selecting one blue marble and one yellow marble?

Answers

Answer:

4/15

Step-by-step explanation:

Bag A

3 red marbles and 6 blue marbles.  = 9 marbles

P(blue) = blue/total =6/9 = 2/3

Bag B

6 green marbles and 4 yellow marbles.  = 10 marbles

P(yellow) = yellow/total=4/10 = 2/5

P(blue,yellow) = 2/3 * 2/5 = 4/15

what kind of novel is nutshell? ​

Answers

Answer:

i dont know what is it

den

The moon has a diameter of approximately 2,200 miles. If the circumference of a circle can be found using the formula C = πd, what is the circumference of the moon? (Use 3.14 for π)

Answers

Answer:6908 (miles) ^2

Step-by-step explanation:

diameter=2200 miles

π=3.14

Circumference=π x diameter

Circumference=3.14 x 2200

Circumference=6908 (miles)^2

Answer:

The circumference is 6908 miles.

Step-by-step explanation:

so your answer is B.

The number of new contributors to a public radio station's annual fund drive over the last ten years is ​63, 58, 61, 72, 98, 103, 121, 147, 163, 198 Using Microsoft Excel, develop a linear regression model that predicts the number of new contributors. Explain the slope of this model. Based on this model, how many new contributors would you predict for the following year?

Answers

Answer:

The number of potential members predicted in next year's estimate becomes 193. The further explanation is given below.

Step-by-step explanation:

The slope of the model,

m = 15.345

c = 24

After comparing with the equation,

⇒  [tex]y=mx+c[/tex]

we get,

⇒     [tex]=15.345x + 24[/tex]

The slope seems to be a positive value which also means that another always improves this as component decreases. Which ensures that perhaps the number of contributors rising as time went by.

So that the above is the right answer.

Which one of the following is not a fixed cost in owning a vehicle?
1 point
Gas
Insurance
Registration
Tags

Answers

Step-by-step explanation:

tags is not a fixed cost

the length of a rectangle is 4 unit less than the width. which expression represents the perimeter of the rectangle

Answers

Answer:

Length: 11

Width: 5

Step-by-step explanation:

Let W = width

Let L = length

 

Length is 4 less than 3 times the width  ==>  L = 3*W - 4  

 

Let P = Perimeter = 2*W + 2*L

 

Perimeter is 22 more than twice the width  ==>  P = 2*W + 22

 

Setting the 2 expressions for the perimeter equal to each other gives  

 

2*W + 2*L = 2*W + 22

2*L = 22

L = 11  

 

So 11 = 3*W - 4

3*W = 15

W = 5

 

The length is 11 and the width is 5  

 

Check:  3*W - 4 = 11 = Length

           Perimeter = 32 = 22 more than 2*5 = 10

if a line is perpendicular to y=-2/3x+2, will it be perpendicular to 2x+3y=12?

Answers

Answer:

3x + 2y = -2

Step-by-step explanation:

Given Equation is − 2 x  +  3 y  =  12

3 y  = 2 x  +  12

y =  ( 2 /3 )  y  +  12

Slope of this line is  m  =  2/ 3

Slope of Line A m a  =  2

Slope of Line B  m b  =  2/ 3

Slope of Line C  m c  =  − ( 2 /3 )

Slope of Line D  m d  =  −  ( 3 /2 )

since  m d  =  − 1 /m  ,  D  is perpendicular to the given line

What’s the correct answer for this?

Answers

Answer:

c

Step-by-step explanation:

What is the amplitude of y=3sin⁡(2x−1)+4?

Answers

Answer:

3

Step-by-step explanation:

Amplitude is the number in front of the sin or the number multiplied by the whole equation.  In this case its 3

Which best describes a fraction?
» A fraction is the denominator divided by the numerator.
» A fraction is the numerator divided by the denominator.
1.) A fraction is the numerator multiplied by the denominator.
()) A fraction is the denominator multiplied by the numerator.

Answers

>> A fraction is the numerator divided by the denominator

A fraction is the numerator divided by the denominator best describes a fraction.

Given,

- A fraction is the denominator divided by the numerator.

- A fraction is the numerator divided by the denominator.

- A fraction is the numerator multiplied by the denominator.

- A fraction is the denominator multiplied by the numerator.

We need to find which option best describes a fraction.

What is a fraction?

A fraction has two parts: Numerator and Denominator.

It is in the form of Numerator / Denominator.

We have,

- A fraction is the denominator divided by the numerator.

It is written as denominator / Numerator.

- A fraction is the numerator divided by the denominator.

It is written as Numerator / Denominator

- A fraction is the numerator multiplied by the denominator.

It is written as Numerator x Denominator.

- A fraction is the denominator multiplied by the numerator.

It can be written as Denominator x Numerator.

We see that the option "a fraction is a numerator divided by the denominator" is the correct answer.

Thus A fraction is the numerator divided by the denominator best describes a fraction.

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BRAINLIST+11 Pts!!!
Jim just found a job with a take-home pay of $950 per month. He must pay $400 for rent and $100 for groceries each month. He also spends $100 per month on transportation. If he budgets $50 each month for clothing, $100 for restaurants and $50 for everything else, how long will it take him to save $1,800?

Answers

Answer:12 months

Step-by-step explanation:

400+400=800 so  950-800=150 1800/150=12

don't know if my answer is right

Answers

Answer:

168

Step-by-step explanation:

SA= 2B + hp

h=9

p=16

B= 1/2 bh

B= 1/2 6(4)

B=12 x 2 = 24

9 x 16= 144

144+24= 168

BRAINLIEST really needed!!

The number of cars sold at a dealership over several weeks is given below.

14, 23, 31, 29, 33

What is the standard deviation for this set of population data?

Standard deviation: Sigma = StartRoot StartFraction (x 1 minus mu) squared + (x 2 minus mu) squared + ellipsis + (x N minus mu) squared Over N EndFraction EndRoot
6.9
12.4
15.4
47.2

Answers

Answer:

A. 6.9

Step-by-step explanation:

Edge 2020

The standard deviation for the set of population data given in the question is 6.9

How to determine the meanData = 14, 23, 31, 29, 33Number of data (n) = 5Summation of data = 14 + 23 + 31 + 29 + 33 = 130Mean (μ) =?

Mean = summation of data / number

μ = 130 / 5

μ = 26

How to determine the standard deviationData = 14, 23, 31, 29, 33Mean (μ) = 26Number of data (n) = 5Standard deviation (σ) =?

σ = √[[(x₁ - μ)² + (x₂ - μ)² + (x₃ - μ)² + (x₄ - μ)² + (x₅ - μ)²] / n]

σ = √[[(14 - 26)² + (23 - 26)² + (31 - 26)² + (29 - 26)² + (33 - 26)²] / 5]

σ = √[236 / 5}

σ = 6.9

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A 5000​-seat theater has tickets for sale at ​$28 and ​$40. How many tickets should be sold at each price for a sellout performance to generate a total revenue of ​$153 comma 200​?

Answers

Answer:

Let's denote:

x: number of ticket 28$

y: number of ticket 40$

Then, we have:

x + y =5000

28x + 40y = 153200

=> 28(5000 - y) + 40y = 153200

=> 12y = 153200 - 140000

=> 12y =13200

=> y = 1100 (ticket 40$)

=> x = 5000 - 1100 = 3900 (ticket 28$)

Determine which consecutive integers do not have a real zero of f(x) = x^3 + 9x^2 + 8x – 5 between them.


A.) (–8, –7)


B.) (4, 5)


C.) (0, 1)


D.) (–2, –1)

Answers

Answer:

Option B (4,5)

Step-by-step explanation:

The integers (4, 5) do not have real zero.

What is zero of a function?

Knowing what zeros represent can assist us in determining when and how to locate the zeros of functions given their expressions and a function's graph. The value of x when the function itself reaches zero is typically referred to as a function's zero.

A function's zero can take many different forms, but as long as they have a y-value of zero, we will consider them to be the function's zero.

Given Expression

f(x) = x³ + 9x² + 8x - 5

to find which is not a real zero,

condition of real zero is for any function f(a , b) if f(a).f(b) < 0 the function have at least a zero.

1: (-8, -7)

f(-8).f(-7) = [(-8)³ + 9(-8)² + 8(-8) - 5][(-7³)  + 9(-7)² + 8(-7) - 5]

f(-8).f(-7) = (-5)(37)

f(-8).f(-7) = -185 < 0 points  have at least a zero

2:  (4, 5)

f(4).f(5) = [(4)³ + 9(4)² + 8(4) - 5][(5³)  + 9(5)² + 8(5) - 5]

f(4).f(5) = 235 x 385

f(4).f(5) = 94,475 > 0

points do not have any zeros

3: (0, 1)

f(0).f(1) = [(0)³ + 9(0)² + 8(0) - 5][(1³)  + 9(1)² + 8(1) - 5]

f(0).f(1) = -5 x 13

f(0).f(1) = -65 < 0

points  have a zero

4: (–2, –1)

f(-2).f(-1) = [(-2)³ + 9(-2)² + 8(-2) - 5][(-1³)  + 9(-1)² + 8(-1) - 5]

f(-2).f(-1) = 7 x (-5)

f(-2).f(-1) = -35 < 0

points  have a zero

Hence only point  (4, 5) do not have a zero.

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What can be determined by looking at the factored form of the polynomial f(x) = (x + 7)(x - 2) ?
A
The graph of the polynomial has zeros at (0,-7) and (0,2)
В
The graph of the polynomial has zeros at (7,0) and (-2,0)
C
The graph of the polynomial has zeros at (-7,0) and (2,0)
D
The graph of the polynomial has zeros at (0,7) and (0,-2)

Answers

Answer:

C . The graph of the polynomial has zeros at (-7,0) and (2,0)

Step-by-step explanation:

f(x) = (x + 7)(x - 2)

Zero's obtained:

(x+7)(x-2) = 0x+7 = 0 ⇒ x = -7x-2 = 0 ⇒ x = 2

Coordinates:

(-7, 0) and (2, 0)

Correct answer choice is:

C . The graph of the polynomial has zeros at (-7,0) and (2,0)

Solve by the method of your choice 6x-2y= 16, 5x+y=24

Answers

6x-2y=16
(5x+y=24)*2
__________

6x-2y=16
10+2y=48 Add the equations”+”
—-
16x=64
X=4
So y=1

Find the mean, median, mode and range for each set of data. Calculator usage is encouraged!
1. 23, 87, 19, 34, 37, 87, 81, 5, 14, 100, 26 Please help thank you!

Answers

Answer:

mean: 46.63636

median: 34

mode: 87

range:95

How To:

Step 1 : To find Mean

    Average = ( 1 + 5 + 5 + 7 + 8 + 10 ) / 6

             =36 / 6

    Mean = 6

Step 2 : To find Median

   Middle value = ( 5 + 7 ) / 2

               = 12 / 2

    Median = 6

Step 3 : To find Mode

   Mode = 5 (The number with more repetition, here 5 is repeated two times)

Step 4 : To find Range

    Range = Largest number - Smallest number

       = 10-1

       = 9

Range = 9

Answer:

Mean: 46.6

Mode: 87

Median: 34

Range: 95

Step-by-step explanation:

Mean: (finding the average)

Median: (the middle number of the data set)

Mode: (the most number repeated from the data set)

Range: (is the difference between the highest value and the lowest value)

first arrange the following data set.

23, 87, 19, 34, 37, 87, 81, 5, 14, 100, 26

so:

5, 14, 19, 23, 26, 34, 37, 81, 87, 87, 100

Lets us first find the mean by adding up all the numbers and dividing it by the amount of numbers in the data set.

Mean: 5 + 14 + 19 + 23 + 26 + 34 + 37 + 81 + 87 + 87 + 100 = 513/11 = 46.6

Mode: 87

Median: 34

Range: 100 - 5 = 95

Solve this system of equations.

2x + 6y = −6,

4x − 3y = −12


What is the solution to the system of equations?

Answers

Answer:

x = -3 and y = 0

Step-by-step explanation:

It would be more direct to apply elimination in this problem, rather than substitution:

  2x + 6y = -6       ⇒      2x + 6y = -6       ⇒      10x = - 30

+ 2(4x - 3y = -12)        +  8x - 6y = -24

Now let us solve for x through simply algebra:

10x = -30,

  x = -3

Substitute this value of x into the first equation to get the value of y:

2( -3 ) + 6y = -6,

-6 + 6y = -6,

  6y = 0,

    y = 0

Answer:

-3 and 0

Step-by-step explanation:

i hope this helps :)

At Silver Gym, membership is $35 per month, and personal training sessions are $30 each. At Fit Factor,
membership is $85 per month, and personal training sessions are $20 each. In one month, how many
personal training sessions would Sarah have to buy to make the total cost at the two gyms equal?
Sarah would have to buy
equal.
personal training sessions to make the total cost at the two gyms

Answers

Answer:

5 sessions each

Step-by-step explanation:

Let the personal training sessions be x.

Then at Silver Gym Sarah would spend:

35 + 30x

And at Fit Factor she would spend:

85 + 20x

Since total costs are same, the amounts will be equal:

35+30x = 85 + 20x30x - 20x = 85 - 3510 x = 50x= 50/10x= 5

So Sarah would buy 5 training sessions for each of the gyms.

And she would spend $185 at each.

True or false
Writing a check on an account with insufficient funds is allowed under certain conditions?

Answers

False. A bad check refers to a check that cannot be negotiated because it is drawn on a nonexistent account or one that has insufficient funds. Writing a bad check, also known as a hot check, is illegal. Banks normally charge a fee to anyone who writes a bad check unintentionally.

Alex and Annie each have 3 boxes of crayons. each box has 10 crayons. how many crayons do Alex and Annie have in all?

Answers

Answer:

60

Step-by-step explanation:

they each have 3 boxes, so you can multiply 3 by 2 to get 6. if each box has 10 crayons, then multiply 6 by 10 to get 60.

The total number of crayons that Alex and Annie have in all will be 30 crayons.

What is Algebra?

Algebra is the study of abstract symbols, while logic is the manipulation of all those ideas.

The acronym PEMDAS stands for Parenthesis, Exponent, Multiplication, Division, Addition, and Subtraction. This approach is used to answer the problem correctly and completely.

Alex and Annie each have 3 boxes of crayons. Each box has 10 crayons. Then the total number of crayons is given as,

Total = 3 x 10

Total = 30

The total number of crayons that Alex and Annie have in all will be 30 crayons.

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BRAINLIEST ASAP! LENGTH OF AC?

Answers

Answer:

2.33 units

Step-by-step explanation:

[tex]\tan 25\degree =\frac{AC}{5}\\\\0.46630 = \frac{AC}{5}\\\\AC = 0.46630 \times 5\\AC =2.3315\\AC = 2.33 \: units[/tex]

A random sample of n = 45 observations from a quantitative population produced a mean x = 2.5 and a standard deviation s = 0.26. Your research objective is to show that the population mean μ exceeds 2.4. Calculate the p-value for the test statistic z = 2.58. (Round your answer to four decimal places.)

Answers

Answer:

P-value (t=2.58) = 0.0066.

Note: as we are using the sample standard deviation, a t-statistic is appropiate instead os a z-statistic.

As the P-value (0.0066) is smaller than the significance level (0.05), the effect is  significant.

The null hypothesis is rejected.

There is enough evidence to support the claim that the population mean μ exceeds 2.4.

Step-by-step explanation:

This is a hypothesis test for the population mean.

The claim is that the population mean μ exceeds 2.4.

Then, the null and alternative hypothesis are:

[tex]H_0: \mu=2.4\\\\H_a:\mu> 2.4[/tex]

The significance level is 0.05.

The sample has a size n=45.

The sample mean is M=2.5.

As the standard deviation of the population is not known, we estimate it with the sample standard deviation, that has a value of s=0.26.

The estimated standard error of the mean is computed using the formula:

[tex]s_M=\dfrac{s}{\sqrt{n}}=\dfrac{0.26}{\sqrt{45}}=0.0388[/tex]

Then, we can calculate the t-statistic as:

[tex]t=\dfrac{M-\mu}{s/\sqrt{n}}=\dfrac{2.5-2.4}{0.0388}=\dfrac{0.1}{0.0388}=2.58[/tex]

The degrees of freedom for this sample size are:

[tex]df=n-1=45-1=44[/tex]

This test is a right-tailed test, with 44 degrees of freedom and t=2.58, so the P-value for this test is calculated as (using a t-table):

[tex]P-value=P(t>2.5801)=0.0066[/tex]

As the P-value (0.0066) is smaller than the significance level (0.05), the effect is  significant.

The null hypothesis is rejected.

There is enough evidence to support the claim that the population mean μ exceeds 2.4.

if u dont know dont worry about it

Answers

Answer:

4/15

Step-by-step explanation:

The total number of spins completed is 6+8+7+9 = 30

The letter B came up 8 times

P(B) = number of B's over total

P(B) = 8/30 = 4/15

A movie theater decreased the size of its popcorn bags by 20%. If the old bags held 15 cups of popcorn, how much do the new bags hold

Answers

Answer:

Your answer will be [tex]12[/tex] cups of popcorn.

Step-by-step explanation:

To find out how much the new bags hold, you need to find out the discount.

[tex]\frac{20}{100 } = .2[/tex]

[tex]15 * .2 = 3[/tex]

We know that the discount is [tex]3[/tex].

To figure out how much the new bags hold, subtract by the old bags.

[tex]15 - 3 = 12[/tex]

The new bags hold 12 cups of popcorn.

in the first quarter of the game the Giants gained 5 yards lost 13 yards gained 2 yards gained 6 yards and unfortunately lost 12 yards in their final play

Answers

Answer:

They lost a total of -12 yards.

Step-by-step explanation:

Do the calculation.

5- 13= -8

-8 + 2 + 6= 0

0 - 12 = -12

A teacher of statistics wants to know if a new teaching methodology that includes IT is efficient in terms of increased average score. He took a class with old methodology and a class with new methodology for samples and gave a same test. Open the file by clicking the file name above. Once you open the file and run Excel, you need not open it again. What is Ha? Find it from Excel output that you generate.
a) 0.62.
b) 0.5.
c) 0.31.
d) -0.5.

Answers

Answer:

The answer is 0.31

Step-by-step explanation:

Old Method                                       New Method                          .

Mean                      73.5625                  Mean            75.70588

Standard Error        3.143736             Standard Error  2.923994

Median                    72                          Median            75

Mode                       90                          Mode               64

Standard deviation  12.57494           Standard deviation 12.05594

Sample Variance     158.1292            Sample Variance     145.3456

Kurtosis                     -1.14544              Kurtosis                   -0.76646

Skewness                 0.171025             Skewness                0.091008

Range                       39                        Range                      41

Minimum                   55                        Minimum                 56

Maximum                  94                        Maximum                 97

Sum                          1177                        Sum                        1287

Count                         16                         Count                      17

State the hypotheses. The first step is to state the null hypothesis and an alternative hypothesis.

Null hypothesis: μNew< μOld

Alternative hypothesis: μNew > μOld

Note that these hypotheses constitute a one-tailed test. The null hypothesis will be rejected if the mean difference between sample means is too small.

Formulate an analysis plan. For this analysis, the significance level is 0.05. Using sample data, we will conduct a two-sample t-test of the null hypothesis.

Analyze sample data. Using sample data, we compute the standard error (SE), degrees of freedom (DF), and the t statistic test statistic (t).

[tex]SE=\sqrt{\frac{S_1^2}{n_1} +\frac{S_2^2}{n_2} } \\\\SE=4.29[/tex]

DF = 31

[tex]t = \frac{(x_1-x_2)-d}{SE} \\\\t = - 0.4997[/tex]

where s1 is the standard deviation of sample 1, s2 is the standard deviation of sample 2, n1 is the size of sample 1, n2 is the size of sample 2, x1 is the mean of sample 1, x2 is the mean of sample 2, d is the hypothesized difference between population means, and SE is the standard error.

The observed difference in sample means produced a t statistic of - 0.499. We use the t Distribution Calculator to find P(t < - 0.499) = 0.311

Therefore, the P-value in this analysis is 0.311.

Interpret results. Since the P-value (0.311) is greater than the significance level (0.05), we cannot reject the null hypothesis.

From the above test we do have sufficient evidence in the favor of the claim that new method is efficient than the old method.

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