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Paired two sample t-test

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An Excel Spreadsheet is reprinted below. Interpret the t-test results. Are they statistically significant?

t-Test: Paired Two Sample for Means
Beer Soda

Variable 1 Variable 2
Mean 16.83333333 15.8
Variance 10.35057471 7.820689655
Observations 30 30
Pearson Correlation 0.264451682
Hypothesized Mean Difference 0
df 29
t Stat 1.545410551
P(T<=t) one-tail 0.06654553
t Critical one-tail 1.699127097
P(T<=t) two-tail 0.13309106
t Critical two-tail 2.045230758

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Solution Summary

Understanding and Interpretting t-values

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The results are considered significant when the p-value is less than 0.05.

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