You are worried that airport managers may not be getting sufficient quantitative instruction in present aviation management degree programs. Specially, you wish to know if Embry-Riddle graduates possess enough quantitative skills to carry out mathematical analyses required for making superior decisions regarding management of airports. You make a decision to see if there is any difference between quantitative scores of airport management graduates from Embry-Riddle and scores of airport management graduates from other institutions on GMAT.
|
ERAU
|
School A
|
School B
|
School C
|
|
580
|
500
|
530
|
450
|
|
550
|
480
|
560
|
500
|
|
490
|
575
|
430
|
420
|
|
550
|
350
|
450
|
580
|
|
430
|
450
|
500
|
450
|
i) What kind of test would you use?
ii) Determine the average score for ERAU graduates?
iii) Determine the value of test statistic? Significance level?
iv) Are results statistically important?