Skip to Main Content
Business Statistics, 3rd Edition
book

Business Statistics, 3rd Edition

by Naval Bajpai
April 2024
Intermediate to advanced content levelIntermediate to advanced
921 pages
37h 16m
English
Pearson India
Content preview from Business Statistics, 3rd Edition
Chapter 11
PB
Statistical Inference: Hypothesis Testing for Two Populations
405
Step 7: Arrive at a statistical conclusion and business implication
The observed F value 0.58 falls between the lower value F
L
= 0.2380 and upper value F
U
= 4.20.
Hence, null hypothesis is accepted and the alternative hypothesis is rejected. Therefore, it can
be concluded that there is no signi cant difference in the variance of the amount spent on pur-
chasing fuel by families in two different cities. The results obtained by the sample may be due
to chance.
Families in the two cities do not signi cantly differ in terms of the amount spent on fuel. The
higher variance ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Business Statistics

Business Statistics

Bajpai
Applied Statistics

Applied Statistics

Dieter Rasch, Rob Verdooren, Jürgen Pilz
Data Analytics for Marketing

Data Analytics for Marketing

Guilherme Diaz-Bérrio

Publisher Resources

ISBN: 9789390168996