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An industrial plant wants to determine which of two types of fuel, electric or gas, is more cost efficient (measured in cost per unit of energy). Independent random samples were taken of plants using electricity and plants using gas. These samples consisted of 14 plants using electricity, which had a mean cost per unit of $55.06 and standard deviation of $8.25, and 12 plants using gas, which had a mean of $57.80 and standard deviation of $7.81. Assume that the populations of costs per unit are normally distributed for each type of fuel, and assume that the variances of these populations are equal. Can we conclude, at the 0.10 level of significance, that μ₁, the mean cost per unit for plants using electricity, differs from μ₂, the mean cost per unit for plants using gas? Perform a two-tailed test. Then complete the parts below. Carry your intermediate computations to three or more decimal places and round your answers as specified in the table. (If necessary, consult a list of formulas.) (a) State the null hypothesis H and the alternative hypothesis H₁. HO H₁:0 (b) Determine the type of test statistic to use. (Choose one) (c) Find the value of the test statistic. (Round to three or more decimal places.) 0 (d) Find the p-value. (Round to three or more decimal places.) 0 (e) Can we conclude that the mean cost per unit for plants using electricity differs from the mean cost per unit for plants using gas? Yes No I X 4 00 O X S 0=0 OSO 00 O>O G Р O

An industrial plant wants to determine which of two types of fuel, electric or gas, is more cost efficient (measured in cost per unit of energy). Independent random samples were taken of plants using electricity and plants using gas. These samples consisted of 14 plants using electricity, which had a mean cost per unit of $55.06 and standard deviation of $8.25, and 12 plants using gas, which had a mean of $57.80 and standard deviation of $7.81. Assume that the populations of costs per unit are normally distributed for each type of fuel, and assume that the variances of these populations are equal. Can we conclude, at the 0.10 level of significance, that μ₁, the mean cost per unit for plants using electricity, differs from μ₂, the mean cost per unit for plants using gas? Perform a two-tailed test. Then complete the parts below. Carry your intermediate computations to three or more decimal places and round your answers as specified in the table. (If necessary, consult a list of formulas.) (a) State the null hypothesis H and the alternative hypothesis H₁. HO H₁:0 (b) Determine the type of test statistic to use. (Choose one) (c) Find the value of the test statistic. (Round to three or more decimal places.) 0 (d) Find the p-value. (Round to three or more decimal places.) 0 (e) Can we conclude that the mean cost per unit for plants using electricity differs from the mean cost per unit for plants using gas? Yes No I X 4 00 O X S 0=0 OSO 00 O>O G Р O

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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An industrial plant wants to determine which of two types of fuel, electric or gas, is more cost efficient (measured in cost per unit of energy). Independent random samples were taken of plants using electricity and plants using gas. These samples consisted of 14 plants using electricity, which had a mean cost per unit of $55.06 and standard deviation of $8.25, and 12 plants using gas, which had a mean of $57.80 and standard deviation of $7.81. Assume that the populations of costs per unit are normally distributed for each type of fuel, and assume that the variances of these populations are equal. Can we conclude, at the 0.10 level of significance, that μ₁, the mean cost per unit for plants using electricity, differs from μ₂, the mean cost per unit for plants using gas? Perform a two-tailed test. Then complete the parts below. Carry your intermediate computations to three or more decimal places and round your answers as specified in the table. (If necessary, consult a list of formulas.) (a) State the null hypothesis H and the alternative hypothesis H₁. H: D H₁ : 0 (b) Determine the type of test statistic to use. (Choose one) ▼ (c) Find the value of the test statistic. (Round to three or more decimal places.) (d) Find the p-value. (Round to three or more decimal places.) (e) Can we conclude that the mean cost per unit for plants using electricity differs from the mean cost per unit for plants using gas? Yes No 3 Ix X 4 O S X 2 0=0 OSO ☐#0 0<0 Р S <Q 00 020 >O Espa. ? A
Transcribed Image Text:An industrial plant wants to determine which of two types of fuel, electric or gas, is more cost efficient (measured in cost per unit of energy). Independent random samples were taken of plants using electricity and plants using gas. These samples consisted of 14 plants using electricity, which had a mean cost per unit of $55.06 and standard deviation of $8.25, and 12 plants using gas, which had a mean of $57.80 and standard deviation of $7.81. Assume that the populations of costs per unit are normally distributed for each type of fuel, and assume that the variances of these populations are equal. Can we conclude, at the 0.10 level of significance, that μ₁, the mean cost per unit for plants using electricity, differs from μ₂, the mean cost per unit for plants using gas? Perform a two-tailed test. Then complete the parts below. Carry your intermediate computations to three or more decimal places and round your answers as specified in the table. (If necessary, consult a list of formulas.) (a) State the null hypothesis H and the alternative hypothesis H₁. H: D H₁ : 0 (b) Determine the type of test statistic to use. (Choose one) ▼ (c) Find the value of the test statistic. (Round to three or more decimal places.) (d) Find the p-value. (Round to three or more decimal places.) (e) Can we conclude that the mean cost per unit for plants using electricity differs from the mean cost per unit for plants using gas? Yes No 3 Ix X 4 O S X 2 0=0 OSO ☐#0 0<0 Р S <Q 00 020 >O Espa. ? A
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