Difference between standard deviation and mean deviation
1 answer:
difference between standard deviation and mean deviation
Answer:
Standard deviation is basically used for the variability of data and frequently use to know the volatility of the stock. A mean is basically the average of a set of two or more numbers. Mean is basically the simple average of data
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The question requires that we have to state the hypothesis:
null hypothesis;H0: u1 < u2, the alternate hypothesis;H1: u1 > u2. The one tail test is what is to be used.
<h3>A. How to state the hypothesis</h3>H0: u1 < u2
H1: u1 > u2
The one tail test statistic is what is to be used here
<h3>B. standard error </h3>= 1.49
The df = 17 + 15 - 2
= 30
test statistic = 18.9 - 17.4 / 1.49
= 1.007
We have the critical value on excel as T.INV(0.9,30)
= 1.310
E. At 0.1, we can conclude that t-value (1.007) does not lies in the rejection area. We fail to reject the null hypothesis. Hence we conclude that the mean vacation with the unlimited plan is greater.
Read more on statistics here brainly.com/question/7597734
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