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Estimating the difference between two pop’n means
Point estimator is the difference between the means of the pop’n 1 and 2 is sample mean1 - sample mean2
INFERENCE st. deve known
Interval Estimation of M1-M2: both pop’n standard deviations known
Get the Za/2 score based on the confidence interval
Get point estimate through the sample means
Get the interval estimate +/–
Interval estimate (where 1-a is the confidence coefficient)
INFERENCES ABOUT THE DIFFERENCE BETWEEN 2 POP’N MEANS WITH STANDARD DEVIATION UNKNOWN
Use sample standard deviation (s)
Replace za/2 with ta/2
Degrees of freedom is used to determine ta/2
Get degrees of freedom (df)
Get a/2 of the significance level
Find the t a/2 in the t-table, wherein the df will be found on the left column area, and the a/2 will be found on the upper row area
After getting the t a/2, substitute values on the interval estimation formula
HYPOTHESIS TESTING ABOUT POP’N MEAN INTERVAL ESTIMATE WITH BOTH STANDARD DEV’T KNOWN
Develop the hypothesis using the two pop’n means against its hypothesized difference
Specify level of significance
Value of test-statistic (z-test since standard deviation is known)
Compute for the p-value in the z-table
Determine whether to reject the null hypothesis
P-value is less than or equal to significance level, reject null hypothesis