Suppose you are an expert on the fashion industry and wish to gather information

Question

Suppose you are an expert on the fashion industry and wish to gather information to compare the amount earned per month by models featuring Liz Claiborne attire with those of Calvin Klein. Assume the population standard deviations are not the same. The following is the amount ($000) earned per month by a sample of Claiborne models: The following is the amount ($000) earned by a sample of Klein models. (1) Find the degree of freedom for unequal variance test.(Round down your answer to the nearest whole number.) Degrees of freedom (2) State the decision rule for .05 significance level: H_0: mu_LC lessthanorequalto mu_CK; H_1: mu_LC > mu_CK. (Round your answer to 4 decimal places.) Reject H_0 if t> (3) Compute the value of the statistic. (Round your answer to 4 decimal places.) Value of the test statistic

Explanation / Answer

The solutions are given below.

Answer 1

22

Answer 2

1.7171

Answer 3

1.6175

Thanks.

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