Statistics: Informed Decisions Using Data (4th Edition)

Published by Pearson
ISBN 10: 0321757270
ISBN 13: 978-0-32175-727-2

Chapter 11 - Section 11.2 - Assess Your Understanding - Assess Your Learning Outcomes - Page 552: 14

Answer

P-value $\gtα$. Do not reject the null hypothesis. There is not enough evidence to conclude that Thrifty is less expensive than Hertz.

Work Step by Step

$H_0:~µ_d=Thrifty-Hertz=0$ versus $H_1:~µ_d=Thrifty-Hertz\lt0$ In MINITAB, enter the Thrifty in C1 and the Hertz in C2. Select Stat -> Basic Statistics -> Paired-t Select "Each sample is in a column". In "Sample 1" enter C1 and in "Sample 2" enter C2 Click Options. In confidence level enter 90. In Hypothesized difference enter 0. In Alternative hypothesis select difference < hypothesized difference. Click OK. Click OK.
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