Rework exercise 36 basing the decision on the p-value, Ask an Expert

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Rework Exercise 36, basing the decision on the P-value corresponding to the observed value of the test statistic.

Exercise 36

A study of the number of business lunches that executives in the insurance and banking industries claim as deductible expenses per month was based on random samples and yielded the following results:

Use the four steps in the initial part of Section 1 and the 0.05 level of significance to test the null hypothesis μ₁ - μ₂ = 0 against the alternative hypothesis μ₁ - μ₂ 0.

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