Independent random samples taken on two university campuses revealed the following information concerning the average amount of money spent on textbooks during the fall semester.
$\begin{array}{lcc}
&\text { University A }&\text { University B }\
\text { Sample Size } & 50 & 40 \
\text { Average Purchase } & \$ 260 & \$ 250 \
\text { Standard Deviation } \sigma) & \$ 20 & \$ 23
\end{array}$
We want to determine if, on the average, students at University A spent more on textbooks then the students at University B.
a. Compute the test statistic.
b. Compute the p-value.
c. What is your conclusion? Let ? = .05.

Question

Independent random samples taken on two university campuses revealed the following information concerning the average amount of money spent on textbooks during the fall semester.
 $\begin{array}{lcc}
&\text { University A }&\text { University B }\
\text { Sample Size } & 50 & 40 \
\text { Average Purchase } & \$ 260 & \$ 250 \
\text { Standard Deviation } \sigma) & \$ 20 & \$ 23
\end{array}$
 We want to determine if, on the average, students at University A spent more on textbooks then the students at University B. 
a. Compute the test statistic.
b. Compute the p-value.
c. What is your conclusion? Let ? = .05.

Quizplus · Accepted Answer

The Answer of Independent random samples taken on two university campuses revealed the following information concerning the average amount of money spent on textbooks during the fall semester.
 $\begin{array}{lcc}
&\text { University A }&\text { University B }\
\text { Sample Size } & 50 & 40 \
\text { Average Purchase } & \$ 260 & \$ 250 \
\text { Standard Deviation } \sigma) & \$ 20 & \$ 23
\end{array}$
 We want to determine if, on the average, students at University A spent more on textbooks then the students at University B. 
a. Compute the test statistic.
b. Compute the p-value.
c. What is your conclusion? Let ? = .05.

Independent Random Samples Taken on Two University Campuses Revealed the Following