Recently, a local newspaper reported that part time students are older than full time students. In order to test the validity of its statement, two independent samples of students were selected. 
a.Give the hypotheses for the above.
b.Determine the degrees of freedom.
c.Compute the test statistic.
d.At 95% confidence, test to determine whether or not the average age of part time students is significantly more than full time students.
Definitions:
Activity-Based Costing
A method of allocating costs to products and services based on the activities they require, aiming to provide more accurate cost information.
Factory Utilities
Expenses related to utilities such as electricity, gas, and water, used in the operation of a manufacturing facility.
Indirect Labor
The wages paid to employees who support the production process but are not directly involved in the creation of the product or service.
Resource Consumption
The usage of resources by a company or process, including materials, energy, and labor, critical for understanding cost behaviors and environmental impact.
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