00:01
We'll be assuming that the mean for a female bill is equal to the mean for a male bill, and alternately that they're different.
00:10
We just want to show if there's a difference.
00:13
So we're going to be doing a two -tail test, and we're going to be assuming that that difference between these two is equal to zero.
00:23
And let's find our test statistic, our t value.
00:26
So our t value is we're going to be taking the difference between the two means, and the mean for the females was 4456.
00:34
The mean for the males was 4375, and we have our standard error in the bottom being the standard deviation of the first group, squared divided by the sample size, and then the standard deviation of the second group.
00:52
And they're pretty close, divided by the sample size.
00:56
And when we calculate that test statistic, we get that t value to be not very big.
01:02
That t value is only 0 .185...