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P-value

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Ms. Lisa Monnin is the budget director for nexus media inc. She would like to compare the daily travel expenses for the sales staff and the audit staff. She collected the following sample information:

Sales ($): 131,135,146,165,136,142
Audit ($): 130,102,129,143,149,120,139

At the .10 significance level, can she conclude that the mean daily expenses are greater for the sales staff than the audit staff? What is the p-value?

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Solution Summary

This shows how to work with significance level and find the p-value.

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