Consider the Following to Answer the Question(s) Below

question 2

Short Answer

Consider the following to answer the question(s) below:
Data were collected on annual personal time (in hours) taken by a random sample of 16 women and 7 men employed by a medium sized company. The women took an average of 24.75 hours of personal time per year with a standard deviation of 2.84 hours. The men took an average of 21.86 hours with a standard deviation of 3.29 hours. The Human Resources Department believes that women tend to take more personal time than men because they tend to be the primary child care givers in the family.
-What is the associated P-value?

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Definitions:

Units-Of-Output Method

A depreciation method where the expense is based on the number of units produced or the machine's hours used, reflecting actual usage.

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life, reflecting the loss in value over time.

Residual Value

Residual value refers to the predicted value of an asset at the conclusion of its lifespan.

Estimated Life

The expected period during which an asset is considered to be useful in operations, affecting depreciation calculations.