Homework SourseAt 01 can you conclude that the males carry more cash on a
At ? = .01, can you conclude that the males carry more cash on average? Assume unequal population variances.
Choose the appropriate hypotheses. Assume ?1 is the average cash carried by males and ?2 is the average cash carried by females.
| Male and female students in a personal finance class were asked to count how much cash they carried. |
Solution
By using Microsoft Excel
Choose the appropriate hypotheses. Assume ?1 is the average cash carried by males and ?2 is the average cash carried by females.
H0: ?1
| Male | |
| Mean | 22.71545 |
| Standard Error | 2.592623 |
| Median | 19.44 |
| Mode | #N/A |
| Standard Deviation | 8.598757 |
| Sample Variance | 73.93863 |
| Range | 28.37 |
| Minimum | 12.22 |
| Maximum | 40.59 |
| Sum | 249.87 |
| Count | 11 |
