Explore BrainMass

Explore BrainMass

    Public versus Private Education

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Is there sufficient evidence to conclude that tuition cost for Public differs from that of Private? Test at the .05 percent level of significance. Be sure to provide a complete interpretation of the results.

    See the attached file.

    © BrainMass Inc. brainmass.com October 1, 2020, 4:52 pm ad1c9bdddf
    https://brainmass.com/statistics/quantative-analysis-of-data/public-private-education-17275

    Attachments

    Solution Preview

    Please refer to the attachment.

    Public Private
    M1= 14.2 M2= 24.3
    s1=0.5 s2= 0.5
    n1=30 n2=50

    Ho: Md = M2 - M1=0
    Ha: Md ≠ 0

    the formula for a confidence interval on the difference between means ( M2 - M1) is:
    t = Md /( )
    where Md = M2 - M1 is the statistic and is an estimate of (the standard error of the difference between means). The estimated standard error, , is computed assuming that the variances in the two populations are equal.
    Md = M2 - M1=24.3-14.2 = 10.1
    The calculations are only ...

    Solution Summary

    The solution discusses if there sufficient evidence to conclude that tuition cost for Public differs from that of Private.

    $2.19

    ADVERTISEMENT