Joanna is considering taking out a loan. She has a few options and wants to compare them. Her first option is a single payment l
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Answer:
Step-by-step explanation:
Slope= -3/1
plot from point (-2,4)
Note :- If sample size n > 30 OR Population standard deviation σ is given then We use Z test.
If sample size n < 30 AND Population standard deviation σ is unknown then we use t test.
In this question we are not given Population standard deviations σ1 and σ2.
Also n1 = 14 and n2 = 13 both sample sizes are LESS than 30.
Therefore we use t test.
Given :- Assume the population standard deviations are equal. ( σ1 = σ2)
then Degrees of freedom = n1 + n2 - 2 = 14 + 13 - 2 = 25.
(kindly find the image attached with this solution)
Answer :- Therefore 25 degrees of freedom are used to find the t critical value.
