An industrial plant wants to determine which of two types of

Last updated: 6/13/2023

An industrial plant wants to determine which of two types of fuel electric or gas is more cost efficient measured in cost per unit of energy Independent random samples were taken of plants using electricity and plants using gas These samples consisted of 12 plants using electricity which had a mean cost per unit of 36 40 and standard deviation of 8 50 and 15 plants using gas which had a mean of 45 20 and standard deviation of 7 88 Assume that the populations of costs per unit are normally distributed for each type of fuel and assume that the variances of these populations are equal Can we conclude at the 0 05 level of significance that the mean cost per unit for plants using electricity differs from 2 the mean cost per unit for plants using gas Perform a two tailed test Then complete the parts below Carry your intermediate computations to three or more decimal places and round your answers as specified in the table If necessary consult a list of formulas a State the null hypothesis H and the alternative hypothesis H Ho H 0 b Determine the type of test statistic to use Choose one c Find the value of the test statistic Round to three or more decimal places d Find the two critical values at the 0 05 level of significance Round to three or more decimal places and e Can we conclude that the mean cost per unit for plants using electricity differs from the mean cost per unit for plants using gas ON ON X 0 0 O X S P 0 0 o 0 0 OSO 020 nin 0 0