The domestic airfare for business travel for the current year and the previous year was reported. A sample of 12 flights with their domestic airfares shown for both years is contained in the Excel Online file below. Construct a spreadsheet to answer the following questions. Due to a recent change by Microsoft you will need to open the XLMiner Analysis ToolPak add-in manually from the home ribbon. Screenshot of ToolPak Open spreadsheet a. Formulate the hypotheses and test for a significant increase in the mean domestic airfare for business travel for the one-year period. Ho 1-2 H₂:1-12 What are the t-value, degrees of freedom, and p-value Ⓒ0 0 t-value Degrees of freedom. p-value We (to 4 decimals) Using a .05 level of significance, what is your conclusion? (to 4 decimals) Current Year: $ Previous Year: $ that there has been a significance increase in business travel airfares over the one-year period. b. What is the sample mean domestic airfare for business travel for each year? (to 2 decimals) (to 2 decimals) c. What is the percentage change in the airfare for the one-year period? % (to 2 decimals)
The domestic airfare for business travel for the current year and the previous year was reported. A sample of 12 flights with their domestic airfares shown for both years is contained in the Excel Online file below. Construct a spreadsheet to answer the following questions. Due to a recent change by Microsoft you will need to open the XLMiner Analysis ToolPak add-in manually from the home ribbon. Screenshot of ToolPak Open spreadsheet a. Formulate the hypotheses and test for a significant increase in the mean domestic airfare for business travel for the one-year period. Ho 1-2 H₂:1-12 What are the t-value, degrees of freedom, and p-value Ⓒ0 0 t-value Degrees of freedom. p-value We (to 4 decimals) Using a .05 level of significance, what is your conclusion? (to 4 decimals) Current Year: $ Previous Year: $ that there has been a significance increase in business travel airfares over the one-year period. b. What is the sample mean domestic airfare for business travel for each year? (to 2 decimals) (to 2 decimals) c. What is the percentage change in the airfare for the one-year period? % (to 2 decimals)
Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter2: Solving Linear Equations And Inequalities
Section: Chapter Questions
Problem 630RE: Describe how you have used two topics from this chapter in your life outside of your math class...
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