T Test

Britannia Industries Ltd

H11: There is a significant impact on WCTR on ROI of Britannia Industries

Ltd

ROI WCTR
Mean 31.286 18.043
Variance 134.0352 3074.024
Observations 10 10
Hypothesized Mean Difference 1
Df 10
t Stat 0.683544
P(T<=t) one-tail 0.254895
t Critical one-tail 1.812461
P(T<=t) two-tail 0.50979
t Critical two-tail 2.228139

Interpretation
The T test results as given in the above table shows that the calculated t value for
the hypothesis is 0.683 which is less than the critical value, 2.22 at 5 percent level
of significance since the calculated t value is less than the critical value, it is
inferred that there is no significant impact on WCTR on ROI of Britannia. Hence
the hypothesis ―There is a significant impact on WCTR on ROI of Britannia
Industries Ltd is rejected.
H12: There is a significant impact on ITR on ROI of Britannia Industries
Ltd

ROI ITR
Mean 31.286 15.844
Variance 134.0352 26.61583
Observations 10 10
Hypothesized Mean Difference 1
Df 12
t Stat 3.603176
P(T<=t) one-tail 0.001812
t Critical one-tail 1.782288
P(T<=t) two-tail 0.003625
t Critical two-tail 2.178813

Interpretation
The T test results as given in the above table shows that the calculated t value for
the hypothesis is 3.603 which is greater than the critical value, 2.17 at 5 percent
level of significance since the calculated t value is greater than the critical value,
it is inferred that there is a significant impact on ITR on ROI of Britannia. Hence
the hypothesis ―There is a significant impact on ITR on ROI of Britannia
Industries Ltd is accepted.

H13: There is a significant impact on CTR on ROI of Britannia Industries

Ltd

ROI CTR
Mean 31.286 2.032
Variance 134.0352 1.329062
Observations 10 10
Hypothesized Mean Difference 1
Df 9
t Stat 7.67941
P(T<=t) one-tail 1.53E-05
t Critical one-tail 1.833113
P(T<=t) two-tail 3.06E-05
t Critical two-tail 2.262157

Interpretation
The T test results as given in the above table shows that the calculated t value for
the hypothesis is 7.679 which is greater than the critical value, 2.26 at 5 percent
level of significance since the calculated t value is greater than the critical value,
it is inferred that there is a significant impact on CTR on ROI of Britannia. Hence
the hypothesis ―There is a significant impact on CTR on ROI of Britannia
Industries Ltd is accepted.

H14: There is a significant impact on DTR on ROI of Britannia Industries

Ltd

ROI DTR
Mean 31.286 92.532
Variance 134.0352 272.357
Observations 10 10
Hypothesized Mean Difference 1
Df 16
t Stat -9.76425
 P(T<=t) one-tail 1.91E-08
t Critical one-tail 1.745884
P(T<=t) two-tail 3.82E-08
t Critical two-tail 2.119905

Interpretation
The T test results as given in the above table shows that the calculated t value for
the hypothesis is -9.764 which is greater than the critical value, 2.11 at 5 percent
level of significance since the calculated t value is greater than the critical value,
it is inferred that there is a significant impact on DTR on ROI of Britannia. Hence
the hypothesis ―There is a significant impact on DTR on ROI of Britannia
Industries Ltd is accepted.

H15: There is a significant impact on WCTR on Operating Profit of

Britannia Industries Ltd

Operating Profit WCTR

Mean 8.535 18.043
Variance 13.67074 3074.024
Observations 10 10
Hypothesized Mean Difference 1
Df 9
t Stat -0.598
P(T<=t) one-tail 0.282291
t Critical one-tail 1.833113
P(T<=t) two-tail 0.564581
t Critical two-tail 2.262157

Interpretation
The T test results as given in the above table shows that the calculated t value for
the hypothesis is -0.598 which is less than the critical value, 2.26 at 5 percent
level of significance since the calculated t value is less than the critical value, it is
inferred that there is no significant impact on WCTR on operating profit of
Britannia. Hence the hypothesis ―There is a significant impact on WCTR on
operating profit of Britannia Industries Ltd is rejected.

H16: There is a significant impact on ITR on Operating Profit of Britannia

Industries Ltd

Operating Profit ITR

Mean 8.535 15.844
Variance 13.67074 26.61583
Observations 10 10
Hypothesized Mean Difference 1
df 16
t Stat -4.1397
P(T<=t) one-tail 0.000385
t Critical one-tail 1.745884
P(T<=t) two-tail 0.00077
t Critical two-tail 2.119905

Interpretation
The T test results as given in the above table shows that the calculated t value for
the hypothesis is -4.139 which is greater than the critical value, 2.11 at 5 percent
level of significance since the calculated t value is greater than the critical value,
it is inferred that there is a significant impact on ITR on operating profit of
Britannia. Hence the hypothesis ―There is a significant impact on ITR on
operating profit of Britannia Industries Ltd is accepted.
H17: There is a significant impact on CTR on Operating Profit of Britannia
Industries Ltd

Operating Profit CTR

Mean 8.535 2.032
Variance 13.67074 1.329062
Observations 10 10
Hypothesized Mean Difference 1
df 11
t Stat 4.49321
P(T<=t) one-tail 0.000456
t Critical one-tail 1.795885
P(T<=t) two-tail 0.000911
t Critical two-tail 2.200985

Interpretation
The T test results as given in the above table shows that the calculated t value for
the hypothesis is 4.493 which is greater than the critical value, 2.2 at 5 percent
level of significance since the calculated t value is greater than the critical value,
it is inferred that there is a significant impact on CTR on operating profit of
Britannia. Hence the hypothesis ―There is a significant impact on CTR on
operating profit of Britannia Industries Ltd is accepted.

H18: There is a significant impact on DTR on Operating Profit of Britannia

Industries Ltd

Operating Profit DTR

Mean 8.535 92.532
Variance 13.67074 272.357
Observations 10 10
Hypothesized Mean Difference 1
df 10
 t Stat -15.8928
P(T<=t) one-tail 1E-08
t Critical one-tail 1.812461
P(T<=t) two-tail 2E-08
t Critical two-tail 2.228139

Interpretation
The T test results as given in the above table shows that the calculated t value for
the hypothesis is -15.89 which is greater than the critical value, 2.22 at 5 percent
level of significance since the calculated t value is greater than the critical value,
it is inferred that there is a significant impact on DTR on operating profit of
Britannia. Hence the hypothesis ―There is a significant impact on DTR on
operating profit of Britannia Industries Ltd is accepted.