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a Bank Official µ1µ_1

Question 17

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Use the following information for questions:
A bank official wants to assess if the average delays for two airlines are different.Let µ1µ_1 = average delay for Airline 1 and µ2µ_2 = average delay for Airline 2. A random sample of 10 flights for Airline 1 shows an average of 6 minutes delay with a standard deviation of 5 minutes. A random sample of 10 flights for Airline 2 shows an average of 12 minutes delay with a standard deviation of 5 minutes. Assume delay times are normally distributed, but do not assume the population variances are equal. Use the conservative "by hand" estimate for the degrees of freedom.
-Are the results statistically significant?


A) No, results are not statistically significant because | t | < 1.83.
B) Yes, results are statistically significant because | t | > 2.26.
C) No, results are not statistically significant because | t | > 2.26.
D) None of the above.

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