An evaluation was recently performed on brands and data were collected that each

Question

An evaluation was recently performed on brands and data were collected that each brand as being in the technology or financial institutions sector and also reported the brand value. The results in terms of value (in of dollars) are shown in the accompanying data table Complete parts (a) through (c) a. Assuming the population variances are equal is there Determine the hypotheses. Let mu_1 be the mean brand value H_0:mu_1 notequalto mu_2 H_1: mu_1 = mu_2 H_0: mu_1 = mu_2 H_1: mu_1 notequalto mu_2 Find the test statistic (Round two decimal places as needed) Find the p-value p - values = (Round Free decimal places needed)

Explanation / Answer

its a two tail ttest

t=-5.39

p=0.000 since froim excel it is p=9.55*10^-05=0.0000955

ANSWER P=0.000

t-Test: Two-Sample Assuming Equal Variances technology financial institutions Mean 476.625 878.5 Variance 15059.98 29429.71 Observations 8 8 Pooled Variance 22244.85 Hypothesized Mean Difference 0 df 14 t Stat -5.38898 P(T<=t) one-tail 4.77E-05 t Critical one-tail 1.76131 P(T<=t) two-tail 9.55E-05 t Critical two-tail 2.144787

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