Answer:
a) Null hypothesis:
Alternative hypothesis:
b)
c) Since is a bilateral test the p value would be:
Comparing the p value with the significance level we see that so we can conclude that we have enough evidence to FAIL to reject the null hypothesis, and the difference between the two groups is NOT significantly different.
d)
So on this case the 95% confidence interval would be given by
represent the mean for sample 1
represent the mean for sample 2
represent the population standard deviation for 1
represent the sample standard deviation for 2
sample size for the group 2
sample size for the group 2
Significance level provided
z would represent the statistic (variable of interest)
Concepts and formulas to use
Part a
We need to conduct a hypothesis in order to check if the difference in the population means, the system of hypothesis would be:
Null hypothesis:
Alternative hypothesis:
We have the population standard deviation's, so for this case is better apply a z test to compare means, and the statistic is given by:
(1)
Part b
z-test: Is used to compare group means. Is one of the most common tests and is used to determine whether the means of two groups are equal to each other.
With the info given we can replace in formula (1) like this:
Part c
P value
Since is a bilateral test the p value would be:
Comparing the p value with the significance level we see that so we can conclude that we have enough evidence to FAIL to reject the null hypothesis, and the difference between the two groups is NOT significantly different.
Part d
The confidence interval for the difference of means is given by the following formula:
(1)
The point of estimate for is just given by:
Since the Confidence is 0.95 or 95%, the value of and , and we can use excel, a calculator or a table to find the critical value. The excel command would be: "=-NORM.INV(0.025,0,1)".And we see that
Confidence interval
Now we have everything in order to replace into formula (1):
So on this case the 95% confidence interval would be given by