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    Testing of Hypothesis - Five Step Procedure

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    Following sample data shows the quarterly earnings in millions for two US companies. Your research interest is (at .05 level of significance) determining if the average earnings for these companies are different. Justify your answer by doing a five step testing of hypothesis. Also, compute the p-value of the test.

    Company -1 Company -2
    17.8 18.01
    18 17.75
    17.98 18
    18.2 17.77
    18.00 18.01
    17.99 18.01
    18.1 18.12
    17.9 18.2

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    Solution Summary

    The solution contains a testing of hypothesis problem using five step procedure and the determination of the p-value.