At a001 would you buy model A assume samples are randomly se

At a=0.01 would you buy model A? assume samples are randomly selected and that samples are independent

Solution

Model A repair costs are lower than model B.

H0: muA= muB

Ha: mua < muB

As p > alpha, accept null hypothesis.

Model A repair not lower than B.

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Option A.

Fail to reject H0. It is not in rejection region

z-value 1.1025
one-tailed p-value 0.8649
99% confidence internvals
upper 15.5504
lower -Inf
At a=0.01 would you buy model A? assume samples are randomly selected and that samples are independentSolutionModel A repair costs are lower than model B. H0: m

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