A college student is interested in whether there is a difference between male and female students in the amount of time spent working out each week. The student gathers information from a random sample of male and female students on her campus. Amount of time spent working out is normally distributed. The data appear below.
a) What statistical test should be used to analyze these data?
b) Identify H0 and Ha for this study.
c) Conduct the appropriate analysis.
d) Should H0 be rejected? What should the researcher conclude?
e) If significant, compute the effect size and interpret this.
f) If significant, draw a graph representing the data.
Definitions:
Insurable Interest
A stake in the value of an entity or thing that provides a legal right or requirement to insure it.
Insurance Contract
A legally binding agreement between an insurance company and the policyholder, specifying the terms for the payment of insurance benefits.
Insuring Property
The act of purchasing insurance to protect against loss or damage to property due to hazards like fire, flood, or theft.
Transferring Risk
Transferring risk involves moving potential financial loss from one party to another, commonly through insurance policies or hedging strategies.
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