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Ms. Lisa Monnin is the budget director for Nexus Media Inc. She would like to compare the
dally travel expenses for the sales staff and the audit staff. She collected the following sample
information. The population standard deviations are unknown but assumed to be equal. At the
0.050 significance level, can she conclude that the mean daily expenses are greater for the sales
staff than the audit staff? Required: a. State the decision rule. (Round your answer to 3 decimal
places.) b. Compute the pooled estimate of the population variance. (Round your answer to 2
decimal places.)
c. Compute the test statistic. (Round your answer to 3 decimal places.) d. State your decision
about the null hypothesis. Do not reject H0:sa Reject H0:sa e. Estimate the p-value. Between
0.10 And 0.15 Between 0.001 And 0.005 Between 0.005 And 0.01 Between 0.01 And 0.025

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Ms. Lisa Monnin is the budget director for Nexus Media Inc. She would.pdf

  • 1. Ms. Lisa Monnin is the budget director for Nexus Media Inc. She would like to compare the dally travel expenses for the sales staff and the audit staff. She collected the following sample information. The population standard deviations are unknown but assumed to be equal. At the 0.050 significance level, can she conclude that the mean daily expenses are greater for the sales staff than the audit staff? Required: a. State the decision rule. (Round your answer to 3 decimal places.) b. Compute the pooled estimate of the population variance. (Round your answer to 2 decimal places.) c. Compute the test statistic. (Round your answer to 3 decimal places.) d. State your decision about the null hypothesis. Do not reject H0:sa Reject H0:sa e. Estimate the p-value. Between 0.10 And 0.15 Between 0.001 And 0.005 Between 0.005 And 0.01 Between 0.01 And 0.025