14. Car Rentals The following data represent the daily rental for a compact auto

Question

14. Car Rentals The following data represent the daily rental for a compact automobile charged by two car rental companies, Thrifty and Hertz, in ten locations. Test whether Thrifty is less expensive than Hertz at the = 0.1 level of significance. Note: A normal probability plot and boxplot of the data indicate that the differences are approximately normally distributed with no outliers. City Chicago Los Angeles Houston Orlando Boston Seattle Pittsburgh Phoenix New Orleans Minneapolis Source: Yahoo!Travel Thrifty 21.81 29.89 17.90 27.98 24.61 21.96 20.90 37.75 33.81 33.49 Hertz 18.99 37.99 19.99 35.99 25.60 22.99 19.99 36.99 26.99 30.99

Explanation / Answer

p-value = 0.4201 (using t-value calculator)

As p-value is greater than the siginificance level of 0.1, fail to reject the null hypotheis

There are not significant evidence to conclude that thirfty is less expensive than herz.

Given Data Sample 1 Sample 2 Name Thrifty Hertz mean 27.01 27.651 Sample size 10 10 Std. dev. 6.59 7.41

Related Questions

Navigate

• Browse (All)
• Browse 1
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.