Delta Southwest Delta Southwest Delta Southwest Delta Southwest Delta 113 49 142 66 16 138 80 120 49 36 56 7 131 45 58 33 29 119 113 31 39 125 74 111 57 67 25 82 110 26 141 90 94 26 54 49 113 89 13 31 16 9 143 115 51 a. Formulate the hypotheses that can be used to test for a difference between the population mean minutes late for delayed flights by these two airlines. μ₁ = population mean minutes late for delayed Delta flights μ2 = population mean minutes late for delayed Southwest flights Ho 1-2 Ha 1-2 * 0 0 b. What is the sample mean number of minutes late for delayed flights for each of these two airlines? Sample mean for Delta = Sample mean for Southwest = (rounded to 2 decimals) (rounded to 2 decimals) c. Using a 0.05 level of significance, what is the p-value and what is your conclusion? df (rounded down to nearest whole number) p-value = (rounded to 4 decimals) We cannot reject Ho.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Delta
Southwest
Delta
Southwest
Delta
Southwest
Delta
Southwest
Delta
113
49
142
66
16
138
80
120
49
36
56
7
131
45
58
33
29
119
113
31
39
125
74
111
57
67
25
82
110
26
141
90
94
26
54
49
113
89
13
31
16
9
143
115
51
a. Formulate the hypotheses that can be used to test for a difference between the population mean minutes late for delayed flights by these
two airlines.
μ₁ = population mean minutes late for delayed Delta flights
μ2 = population mean minutes late for delayed Southwest flights
Ho 1-2
Ha 1-2 *
0
0
b. What is the sample mean number of minutes late for delayed flights for each of these two airlines?
Sample mean for Delta =
Sample mean for Southwest =
(rounded to 2 decimals)
(rounded to 2 decimals)
c. Using a 0.05 level of significance, what is the p-value and what is your conclusion?
df
(rounded down to nearest whole number)
p-value =
(rounded to 4 decimals)
We cannot
reject Ho.
Transcribed Image Text:Delta Southwest Delta Southwest Delta Southwest Delta Southwest Delta 113 49 142 66 16 138 80 120 49 36 56 7 131 45 58 33 29 119 113 31 39 125 74 111 57 67 25 82 110 26 141 90 94 26 54 49 113 89 13 31 16 9 143 115 51 a. Formulate the hypotheses that can be used to test for a difference between the population mean minutes late for delayed flights by these two airlines. μ₁ = population mean minutes late for delayed Delta flights μ2 = population mean minutes late for delayed Southwest flights Ho 1-2 Ha 1-2 * 0 0 b. What is the sample mean number of minutes late for delayed flights for each of these two airlines? Sample mean for Delta = Sample mean for Southwest = (rounded to 2 decimals) (rounded to 2 decimals) c. Using a 0.05 level of significance, what is the p-value and what is your conclusion? df (rounded down to nearest whole number) p-value = (rounded to 4 decimals) We cannot reject Ho.
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