Try the fastest way to create flashcards

Related questions with answers

Question

One of the music industry’s most pressing questions is: Can paid download stores contend nose-to-nose with free peer-to-peer download services? Data gathered over the last 12 months show Apple’s iTunes was used by an average of 1.65 million households with a sample standard deviation of 0.56 million family units. Over the same 12 months WinMX was used by an average of 2.2 million families with a sample standard deviation of 0.30 million. Assume the population standard deviations are not the same. Using a significance level of 0.05, test the hypothesis of no difference in the mean number of households picking either variety of service to download songs.

Solution

Verified
Step 1
1 of 3

Given:

n1=Sample size=12n2=Sample size=12x1=Sample mean=1.65x2=Sample mean=2.2s1=Sample standard deviation=0.56s2=Sample standard deviation=0.30α=Significance level=0.05\begin{align*} n_1&=\text{Sample size}=12 \\ n_2&=\text{Sample size}=12 \\ \overline{x}_1&=\text{Sample mean}=1.65 \\ \overline{x}_2&=\text{Sample mean}=2.2 \\ s_1&=\text{Sample standard deviation}=0.56 \\ s_2&=\text{Sample standard deviation}=0.30 \\ \alpha&=\text{Significance level}=0.05 \end{align*}

Given claim: No difference in the means

The claim is either the null hypothesis or the alternative hypothesis. The null hypothesis and the alternative hypothesis state the opposite of each other. The null hypothesis needs to include an equality.

H0:μ1=μ2H_0:\mu_1=\mu_2

H1:μ1μ2H_1: \mu_1 \neq \mu_2

Create a free account to view solutions

Create a free account to view solutions

Recommended textbook solutions

Statistical Techniques in Business and Economics 15th Edition by Douglas A. Lind, Samuel A. Wathen, William G. Marchal

Statistical Techniques in Business and Economics

15th EditionISBN: 9780073401805 (11 more)Douglas A. Lind, Samuel A. Wathen, William G. Marchal
1,236 solutions
Statistical Techniques in Business and Economics 17th Edition by Douglas A. Lind, Samuel A. Wathen, William G. Marchal

Statistical Techniques in Business and Economics

17th EditionISBN: 9781259666360 (6 more)Douglas A. Lind, Samuel A. Wathen, William G. Marchal
1,205 solutions
Statistics for Business and Economics 13th Edition by David R. Anderson, Dennis J. Sweeney, James J Cochran, Jeffrey D. Camm, Thomas A. Williams

Statistics for Business and Economics

13th EditionISBN: 9781305983038David R. Anderson, Dennis J. Sweeney, James J Cochran, Jeffrey D. Camm, Thomas A. Williams
1,731 solutions
Statistics for Business and Economics 13th Edition by David R. Anderson, Dennis J. Sweeney, James J Cochran, Jeffrey D. Camm, Thomas A. Williams

Statistics for Business and Economics

13th EditionISBN: 9781337359917David R. Anderson, Dennis J. Sweeney, James J Cochran, Jeffrey D. Camm, Thomas A. Williams
1,731 solutions

More related questions

1/4

1/7