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| Teaching Since: | May 2017 |
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MBA, PHD
Phoniex
Jul-2007 - Jun-2012
Corportae Manager
ChevronTexaco Corporation
Feb-2009 - Nov-2016
A company wanted to know if a special gas additive truly (and significantly) affected the gas mileage in their company vehicles. Use the data below to determine whether or not the additive significantly affected gas mileage.
Data:
Vehicle mpg pre mpg post
1 15 18
2 13 19
3 17 17
4 21 24
5 14 18
6 16 21
7 18 19
8 17 20
Choice:
| A | Yes, because the T-statistic of 3.125 exceeded the T-critical value of 2.365 | |
| B | Yes, because the T-statistic of 4.51 exceeded the T-critical value of 2.365 | |
| C | No, because the T-statistic of 0.563 failed to exceed the T-critical value of 2.365 | |
| D | Yes, because the T-critical value is 1.895 |
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