Two sample T hypothesis test
Two sample T hypothesis test:
μ1 : Mean of Dutchbros Price/ounce
μ2 : Mean of Starbucks Price/ounce
μ1 - μ2 : Difference between two means
H0 : μ1 - μ2 = 0
HA : μ1 - μ2 ≠ 0
(without pooled variances)
Hypothesis test results:
Difference | Sample Diff. | Std. Err. | DF | T-Stat | P-value |
---|---|---|---|---|---|
μ1 - μ2 | -0.17 | 0.016903085 | 7 | -10.057336 | <0.0001 |
HTML link:
<A href="https://www.statcrunch.com/5.0/viewresult.php?resid=2582074">Two sample T hypothesis test</A>
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