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
Standard Deviation (s) $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 α = 0.05.

The calculated Z= 10/4.61 = 2.169

The P value is 0.975 .

Since the calculated value of z= 2.169 falls in the rejection region we therefore reject the null hypothesis at 5 % significance level . On the basis of this we conclude that the students at University A do not spend more on textbooks then the students at University B.

Step-by-step explanation:

We set up our hypotheses as

H0 : x 1= x2 and Ha: x1 ≠ x2

We specify significance level ∝= 0.05

The test statistic if H0: x1= x2 is true is

Z =  

Z = 260-250/ √400/50 + 529/40

Z= 10 / √8+ 13.225

Z= 10/4.61 = 2.169

The critical value for two tailed test at alpha=0.05 is ± 1.96

The P value is 0.975 .

It is calculated by dividing alpha by 2 for a two sided test and subtracting from 1. When we subtract   0.025 ( 0.05/2)from 1 we get 0.975

Since the calculated value of z= 2.169 falls in the rejection region we therefore reject the null hypothesis at 5 % significance level . On the basis of this we conclude that the students at University A do not spend more on textbooks then the students at University B.

step-by-step explanation:

a.   since the profit made in 2012 is equal to the profit made in 2014, the profit is           symmetric about the line y = 120,000.

step-by-step explanation:

given that megan owns a clothing boutique.

the profits of 2010, 11, are recorded and shown as follows:

years since     2010 0     1     2     3       4       5

profits made in 1000's   39       84     111     120   111     84

we find that profit gradually increases form 2010 to 2013 upto 120,   then starts decreasing.

the profits for 2012 and 2014 are the same while that of 2011 and 2015 are also the same.

this shows that there is symmetry about the line profit = 120000

hence answer is:

a.   since the profit made in 2012 is equal to the profit made in 2014, the profit is           symmetric about the line y = 120,000.

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