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When Testing for a Difference Between the Means of a Treatment

question 35

Essay

When testing for a difference between the means of a treatment group and a placebo group, the computer display below is obtained. Using a 0.04 significance level, is there sufficient evidence to support the claim that the treatment group (variable 1) comes from a population with a mean that is different from the mean for the placebo population?
Explain.
 t-Test: Two Sample for Means 1 Variable 1  Variable 2 2 Mean 171.6392168.77183 Known Variance 47.5167241.082934 Observations 50505 Hypothesized Mean Difference 06t2.1540577 P(T>=t) one-tail 0.01588 TCritical one-tail 1.6448539 P(T>=t) two-tail 0.031610t Critical two-tail 1.959961\begin{array} { | l | l | l | l | } \hline & \text { t-Test: Two Sample for Means } & & \\\hline 1 & & \text { Variable 1 } & \text { Variable 2 } \\\hline 2 & \text { Mean } & 171.6392 & 168.7718 \\\hline 3 & \text { Known Variance } & 47.51672 & 41.08293 \\\hline 4 & \text { Observations } & 50 & 50 \\\hline 5 & \text { Hypothesized Mean Difference } & 0 & \\\hline 6 & \mathrm { t } & 2.154057 & \\\hline 7 & \text { P(T>=t) one-tail } & 0.0158 & \\\hline 8 & \text { TCritical one-tail } & 1.644853 & \\\hline 9 & \text { P(T>=t) two-tail } & 0.0316 & \\\hline 10 & \mathrm { t } \text { Critical two-tail } & 1.959961 & \\\hline\end{array}


Definitions:

Mortgage

A means of securing loans; title of property is held by the moneylender as security in some jurisdictions; in other jurisdictions, a mortgage is simply a charge against title.

Debtor

An individual or entity that owes money to another party, typically referred to in the context of loans, credit, or other financial obligations.

Mortgagee

The lender in a mortgage agreement, typically a bank or financial institution, which has the right to repossession if the borrower defaults.

Court

A government institution with the authority to adjudicate legal disputes between parties and administer justice in civil, criminal, and administrative matters.

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