For a sample of 48 finance majors, the average time spent reading each issue of the campus newspaper is 19.7 minutes, with a standard deviation of 7.3 minutes. The corresponding figures for a sample of 40 management information system majors are 16.3 and 4.1 minutes. What is the the test statistic, t, with the 0.01 level of significance?

Respuesta :

Answer:

The t-value is ±2.626.

Step-by-step explanation:

An independent sample t-test will be performed to determine whether there is a difference between the average time spent reading each issue of the campus newspaper by finance majors and management majors.

The hypothesis can be defined as follows:

H₀: There is no difference between the two means, i.e. [tex]\mu_{1}-\mu_{2}=0[/tex]

Hₐ: There is no difference between the two means, i.e. [tex]\mu_{1}-\mu_{2}\neq0[/tex]

The test statistic is:

[tex]t=\frac{\bar x_{1}-\bar x_{2}}{S_{p}\times\sqrt{\frac{1}{n_{1}}+\frac{1}{n_{2}}}}[/tex]

The degrees of freedom is:

[tex]df=n_{1}+n_{2}-2\\=48+40-2\\=86[/tex]

The critical value of t is:

[tex]t_{\alpha /2, (n_{1}-n_{2}-2)}=t_{0.01/2, 86}=\pm2.626[/tex]

*Use a t-table.

**Use the next higher degrees of freedom if 86 is not available.