To test for a difference between the population mean minutes late for delayed flights by Company A and Company B, we can formulate the following hypotheses:
Null Hypothesis (H0): There is no significant difference between the population mean minutes late for delayed flights by Company A and Company B.
Alternate Hypothesis (Ha): There is a significant difference between the population mean minutes late for delayed flights by Company A and Company B.
To statistically test these hypotheses, we can perform an independent samples t-test. The t-test will compare the means of the two samples and determine if the difference between them is statistically significant or due to chance.
In this case, we can consider the minutes late for delayed flights by Company A as one sample and the minutes late for delayed flights by Company B as the other sample. We can calculate the mean and standard deviation of each sample and use these values to perform the t-test.
Based on the results of the t-test, if the p-value is less than the predetermined significance level (usually 0.05), we would reject the null hypothesis and conclude that there is a significant difference between the population mean minutes late for delayed flights by Company A and Company B. If the p-value is greater than or equal to the significance level, we would fail to reject the null hypothesis and conclude that there is not enough evidence to suggest a significant difference.
Note: To perform the t-test, we would also need to assume that the samples are independent, the populations are approximately normally distributed, and the variances of the populations are equal. These assumptions should be checked before conducting the t-test.