Look at problem three if the price of a gallon of gas was $2.59 on Friday morning before the change in price what was the price
1 answer:
You might be interested in
Answer:
p value = 0.039
t = - 2.169
Step-by-step explanation:
Applying the null and alternate hypothesis
using excel worksheet to calculate for ( t and p )
t = -2.169
p = 0.039
from the results obtained
The conclusion is affected by the significance level because : 0.1 < p > 0.01
so when the significance level is = 0.1 the Null hypothesis is rejected and we can say the mean time interval will change while
if the significance level = 0.01 the Null hypothesis is accepted and we can not say the mean time interval has changed because the p -value is greater than 0.01
attached is the excel solution
