Can you conclude that there is difference between the two population means? Conduct a hypothesis test. Use α=0.05.1) state null and alternative hypotheses.2) graph and label p-value.3) p-value vs. α.4) Conclusion and interpret the result. Does the result contradict the part b? Explain why. Private Colleges52.843.245.033.344.030.645.837.850.542.0Public Colleges20.322.028.215.624.128.522.825.818.525.614.421.8 10. The average annual cost to attend a public college takes a third of the annual income ofa typical family with college children. At private colleges, the average annual cost is equalto 60% of the typical family's income. The following random samples show the annual costof attending private and public colleges. Data are in thousands of dollars. Assume thepopulation standard deviation of private college is $5000 and population standarddeviation of public college is $4000.

Name: Can you conclude that there is difference between the two population m
Uploaded: 2024-03-20T07:07:12.000Z
Channel: Bartleby
Description: Can you conclude that there is difference between the two population means? Conduct a hypothesis test. Use α=0.05.1) state null and alternative hypotheses.2) graph and label p-value.3) p-value vs. α.4) Conclusion and interpret the result. Does the re