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In Order to Compare the Means of Two Populations, Independent  Sample 1  Sample 2 xˉ1=478xˉ2=481s1=14.2s2=11.2\begin{array}{ll}\text { Sample 1 } & \text { Sample 2 } \\\bar{x}_{1}=478 & \bar{x}_{2}=481 \\s_{1}=14.2 & s_{2}=11.2\end{array}

question 98

Essay

In order to compare the means of two populations, independent random samples of 225 observations are selected from each population with the following results.

 Sample 1  Sample 2 xˉ1=478xˉ2=481s1=14.2s2=11.2\begin{array}{ll}\text { Sample 1 } & \text { Sample 2 } \\\bar{x}_{1}=478 & \bar{x}_{2}=481 \\s_{1}=14.2 & s_{2}=11.2\end{array}

Test the null hypothesis H0:(μ1μ2)=0H _ { 0 } : \left( \mu _ { 1 } - \mu _ { 2 } \right) = 0 against the alternative hypothesis Ha:(μ1μ2)0H _ { \mathrm { a } } : \left( \mu _ { 1 } - \mu _ { 2 } \right) \neq 0 using α=.10\alpha = .10 . Give the significance level, and interpret the result.


Definitions:

Inventory

The total amount of goods or materials a business holds, intended for sale or use in production, often managed to optimize supply chain efficiency.

Order Taker

An individual or system in charge of receiving and processing customer orders without engaging in proactive selling activities.

Routine Orders

Regular, repeated purchase orders for goods or services that are used on a consistent basis in a company's operations.

Customer Problems

Issues or challenges faced by customers that businesses aim to solve through their products or services.

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