t test for age of car
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Students at the University of Arkansas randomly selected 217 student cars and found that they had ages with a mean of 7.89 years and a standard deviation of 3.67 years. They also randomly selected 152 faculty cars and found that they had ages with a mean of 5.99 years and a standard deviation of 3.65 years. Use a 0.01 significance level to test the claim that student cars are older than faculty cars. What are the critical value (3 places of significance) and t score (2 places of significance)? Are student cars older (Yes or No)?
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Solution Summary
Step by step method for testing the hypothesis under 5 step approach is discussed here. Excel template for each problem is also included. This template can be used to obtain the answers of similar problems.
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