First off, I’ve conducted an hypothesis test for Par, Inc comparison and the null/alternative hypothesis are as follow:
H0: µ1 - µ2 = 0 (they are the same) Ha: µ1 - µ2 ≠ 0 (they are not the same)
The test I will be conducting is a two-tail test.
The P-Value for this test is .01836 and because it is greater than alpha of .05, thus we do not reject the null hypothesis. My recommendation to Par, Inc is to put the new coating for the golf balls to production.
Descriptive Statistic for both models are as follows:
Current | | New | | | | | | Mean | 270.275 | | Mean | 267.5 | Standard Error | 1.383968421 | | Standard Error | 1.564837994 | Median | 270 | | Median | 265 |