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Are these rides equal in terms of monetary revenue? Test at .01 significance level. Tornado:                   ...

Are these rides equal in terms of monetary revenue? Test at .01 significance level.

Tornado:                    Average daily revenue = $700.00;   standard deviation = 150.0;    n = 15

Double Blizzard:        Average daily revenue = $690.00;   standard deviation = 130.0;    n = 15

Steps to be covered:

  1. State the hypotheses, and identify the claim
  2. Find the critical value(s) – you might want to draw the curve
  3. Compute the test (statistic) value

Make the decision to reject or not reject the null hypothesis

math   Statistics-And-Probability   
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