The Global Business Travel Association reported the domestic airfare for business travel for the current year and the previous year. Below is a sample of 12 flights with their domestic airfares shown for both years. Do not round intermediate calculations. Current Year Previous Year Current Year Previous Year 255 327 258 591 522 267 249 537 702 348 459 588 666 411 204 276 519 579 534 342 666 411 387 450 a. Formulate the hypotheses and test for a significant increase in the mean domestic airfare for business travel for the one-year period. Ho: Ha - Select your answer - Ha pa - Select your answer - What is the p-value? t-value (to 3 decimals) Degrees of freedom p-value is - Select your answer - Using a 0.05 level of significance, what is your conclusion? We - Select your answer - v that there has been a significance increase in business travel airfares over the one-year period. b. What is the sample mean domestic airfare for business travel for each year? Current Year $ (to 2 decimals) Previous Year $ (to 2 decimals) c. What is the percentage change in the airfare for the one-year period?
The Global Business Travel Association reported the domestic airfare for business travel for the current year and the previous year. Below is a sample of 12 flights with their domestic airfares shown for both years. Do not round intermediate calculations. Current Year Previous Year Current Year Previous Year 255 327 258 591 522 267 249 537 702 348 459 588 666 411 204 276 519 579 534 342 666 411 387 450 a. Formulate the hypotheses and test for a significant increase in the mean domestic airfare for business travel for the one-year period. Ho: Ha - Select your answer - Ha pa - Select your answer - What is the p-value? t-value (to 3 decimals) Degrees of freedom p-value is - Select your answer - Using a 0.05 level of significance, what is your conclusion? We - Select your answer - v that there has been a significance increase in business travel airfares over the one-year period. b. What is the sample mean domestic airfare for business travel for each year? Current Year $ (to 2 decimals) Previous Year $ (to 2 decimals) c. What is the percentage change in the airfare for the one-year period?
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section11.4: Collecting Data
Problem 6E
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