Answer:
- The decision rule, as we applied the P-value approach, is to reject the null hypothesis if the P-value is smaller than the significance level.
If the critical value approach was applied, the decision rule would have been reject the null hypothesis if the t-statistic is below t-critical=-2.37.
- The null hypothesis failed to be rejected.
There is not enough evidence to support the claim that the new algorithm has a lower mean completion time than the current algorithm (P-value=0.09).
Explanation:
This is a hypothesis test for the difference between populations means.
The claim is that the new algorithm has a lower mean completion time than the current algorithm.
Then, the null and alternative hypothesis are:
The significance level is 0.01.
The sample 1, of size n1=47 has a mean of 20.29 and a standard deviation of 5.032.
The sample 1, of size n1=47 has a mean of 21.49 and a standard deviation of 3.267.
The difference between sample means is Md=-1.2.
The estimated standard error of the difference between means is computed using the formula:
Then, we can calculate the t-statistic as:
The degrees of freedom for this test are:
This test is a left-tailed test, with 92 degrees of freedom and t=-1.371, so the P-value for this test is calculated as (using a t-table):
As the P-value (0.09) is bigger than the significance level (0.01), the effect is not significant.
The null hypothesis failed to be rejected.
There is not enough evidence to support the claim that the new algorithm has a lower mean completion time than the current algorithm.