The owners of an industrial plant want to determine which of two types of fuel (gas or electricity) will produce more useful energy at a lower cost. The cost is measured by plant investment per delivered quad ($ invested /quadrillion BTUs) . The smaller this number, the less the industrial plant pays for delivered energy. Random samples of 11 similar plants using electricity and 16 similar plants using gas were taken, and the plant investment/quad was calculated for each. In an analysis of the difference of means of the two samples, the owners were able to reject H0 in the test H0: (μE - μG) = 0 vs. Ha: (μE - μG) > 0. What is our best interpretation of the result?
A) The mean investment/quad for electricity is greater than the mean investment/quad for gas.
B) The mean investment/quad for electricity is different from the mean investment/quad for gas.
C) The mean investment/quad for electricity is less than the mean investment/quad for gas.
D) The mean investment/quad for electricity is not different from the mean investment/quad for gas.
Correct Answer:
Verified
Q19: A marketing study was conducted to compare
Q20: Data was collected from CEOs of
Q21: Consider the following set of salary
Q22: In a controlled laboratory environment, a
Q23: Consider the following set of salary
Q25: The owners of an industrial plant
Q26: Which supermarket has the lowest prices
Q27: In order to compare the means
Q28: Assume that Q29: Independent random samples from normal populations
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents