Pertaining to our selection applying the concepts of

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pertaining to our selection applying the concepts of ANOVA – Analysis of Variance learned in this course, and describe how the results of our findings answer our research question. Finally, we will conclude this study with a brief summary that will go over the main points, the purpose and conclusions of this second week’s study on Two Sample Hypothesis Testing. The test data that is being used is for this project is whether or not a bank balance is affected by the cities in which the test population lives. So we will test to see if the city in which the customers live has a direct connection to the account balance of their banks. Also we will be testing to see if the cities in which we test do not have a direct effect on the test population’s bank account balance. For this set of data we are hypothesizing that our sample being tested will have higher bank accounts where the population lives due to the cities in which they live in. H 0 = Bank accounts are effected by location of city. H 1 = Bank accounts are not effected by location of city. H 0 : µ > 1499.867 (average balance is higher for those who live in cites 1, 2, 3, 4) H 1 : µ ≤ 1499.867 (average balance is less and or equal to those who live in cities 1, 2, 3, 4).
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  • Spring '12
  • ALL
  • Statistics, Null hypothesis, Hypothesis testing, Bank Accounts

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