CHAPTER 1 - STP

Chapter- 3
Data Presentation and Analysis
This chapter is divided into two parts i.e. data presentation and data analysis of public and
private sector banks in India.
3.1 Data Presentation
In data presentation, public and private sector banks are selected on the basis of their financial
performance from year 2007 to 2017.
3.1.1 NET PROFIT RATIO:
The net profit percentage is the ratio of after-tax profits to net sales. It reveals the remaining
profit after all costs of production; administration and financing have been deducted from
sales.
NET PROFIT RATIO = (Net profit ÷ Net sales) * 100

SBI ICICI
YEAR NET NET NET PROFIT NET NET NET PROFIT
PROFIT SALES RATIO PROFIT SALES RATIO
2007-08 6729 58349 11.53 4158 39667 10.48
2008-09 9121 76480 11.93 3757 39210 9.58
2009-10 9166 85962 10.66 4025 32999 12.2
2010-11 8265 96329 7.65 5149 33082 15.56
2011-12 11707 120872 9.68 6465 41045 15.75
2012-13 14105 135691 10.39 8325 48421 17.19
2013-14 10891 154903 7.03 9810 54606 17.96
2014-15 13102 174972 7.48 11175 61267 18.24
2015-16 9951 191843 5.18 9726 68062 14.29
2016-17 10484 210979 4.96 9801 73661 13.3
20
18
16
14
12
10 SBI
8 ICICI
6
4
2
0
2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17
Interpretation:
From the above table and chart we can interpret that the Net profit ratio of ICICI is slightly
increasing from 2009-10 to 2014-15. The Net profit ratio of SBI was 11.53 in 2007-08 and then
increased to 11.93 in 2008-09. In the year 2009-10 and 2010-11 ratios decreased to 10.66 and
7.65. In 2011-12 and 2012-13 ratio increased to 9.68 and 10.39. Then from 2013-14 it starts
decreasing. The Net profit ratio of ICICI in 2007-08 was 10.48 and then in 2008-09 it decreased
to 9.58. From 2009-10 it starts increasing and starts decreasing from 2015-16.
3.1.2 OPERATING PROFIT RATIO:
It is calculated by dividing the operating net profit by sales. This ratio helps in determining the
ability of the management in running the business.
OPERATING PROFIT RATIO = (Operating profit / Net sales) * 100
SBI ICICI
OPERATING OPERATING
YEAR OPERATING NET OPERATING NET
PROFIT PROFIT
PROFIT SALES PROFIT SALES
RATIO RATIO
2007-08 13108 58349 18.79 5707 39667 14.39
2008-09 17915 76480 19.1 5408 39210 13.79
2009-10 18321 85962 16.96 5552 32999 16.82
2010-11 25336 96329 16.83 7380 33082 22.31
2011-12 31574 120872 26.12 10089 41045 24.58
2012-13 31082 135691 22.9 13199 48421 27.25
2013-14 32109 154903 20.72 16594 54606 30.38
2014-15 39537 174972 22.6 19720 61267 32.18
2015-16 43258 191843 22.55 23863 68062 35.06
2016-17 50848 210979 24.1 26487 73661 35.96
40
35
30
25
20 SBI
ICICI
15
10
0
2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17
Interpretation:
From the above table and chart we can interpret that the Operating profit ratio of ICICI is
increasing from 2008-09 to 2016-17. The Operating profit ratio of SBI was 18.79 in 2007-08 and
then increased to 19.1 in 2008-09. In the year 2009-10 and 2010-11 ratios decreased to 16.96 and
16.83. In 2011-12 it increased to 26.12 and then in 2012-13 and 2013-14 it decreased to 22.9 and
20.72. Then from 2014-15 it starts increasing. The Operating profit ratio of ICICI in 2007-08
was 14.39 and then in 2008-09 it decreased to 13.79. From 2008-09 it starts increasing.
3.1.3 NET WORTH RATIO:
The net worth ratio states the return that shareholders could receive on their investment in a
company, if all of the profit earned were to be passed through directly to them. Thus, the
ratio is developed from the perspective of the shareholder, not the company, and is used to
analyze investor returns.
NET WORTH RATIO = (Net profit / Shareholder capital) * 100
SBI ICICI
NET NET
YEAR NET SHAREHOLDERS NET SHAREHOLDERS
WORTH WORTH
PROFIT FUND PROFIT FUND
RATIO RATIO
2007-08 6729 49032 13.72 4158 46820 8.88
2008-09 9121 57948 15.74 3757 49883 7.53
2009-10 9166 65949 13.89 4025 51618 7.79
2010-11 8265 64986 11.34 5149 55090 9.34
2011-12 11707 83951 13.94 6465 60405 10.7
2012-13 14105 98884 14.26 8325 66706 12.48
2013-14 10891 118283 9.21 9810 73213 13.4
2014-15 13102 128439 10.2 11175 80429 13.89
2015-16 9951 144274 6.89 9726 89735 10.84
2016-17 10484 188286 5.57 9801 99951 9.8
18
16
14
12
10
SBI
8
ICICI
6
4
2
0
2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17
Interpretation:
From the above table and chart we can interpret that the net worth ratio of ICICI is increasing
from 2008-09 to 2014-15. The net worth ratio of SBI was 13.72 in 2007-08 and then increased
to 15.74 in 2008-09. In the year 2009-10 and 2010-11 ratios decreased to 13.89 and 11.34. In the
year 2011-12 and 2012-13 it increased to 13.94 and 14.26.Then from 2013-14 it starts
decreasing. The net worth ratio of ICICI in 2007-08 was 8.88 and then in 2008-09 it decreased
to 7.53.From 2008-09 it increased till 2014-15 and then decreased from 2015-16.
3.1.4 EARNINGS PER SHARE:
Earnings per share (EPS) ratio measures how many dollars of net income have been earned by
each share of common stock. It is computed by dividing net income less preferred dividend by
the number of shares of common stock outstanding during the period. It is a popular measure of
overall profitability of the company.
EPS = (Net Income - Dividends on Preferred Stock) / Average Outstanding Shares
SBI ICICI
NO. OF EARNINGS NO. OF EARNINGS
YEAR NET NET
EQUITY PER EQUITY PER
PROFIT PROFIT
SHARES SHARE SHARES SHARE
2007-08 6729 53.14 126.62 4158 52.76 78.8
2008-09 9121 63.44 143.77 3757 55.65 67.5
2009-10 9166 63.48 144.37 4025 55.67 72.3
2010-11 8265 63.49 130.16 5149 56.89 90.5
2011-12 11707 63.51 184.31 6465 57.62 112.2
2012-13 14105 67.14 210.06 8325 57.65 144.4
2013-14 10891 69.47 156.76 9810 57.7 170
2014-15 13102 74.65 175.5 11175 57.84 193.2
2015-16 9951 76.66 129.8 9726 58.06 167.5
2016-17 10484 78.06 134.3 9801 58.2 168.4
250
200
150
SBI
ICICI
100
50
0
2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17
Interpretation:
From the above table and chart we can interpret that the Earnings per share ratio of ICICI is
increasing from 2008-09 to 2014-15. The Earnings per share ratio of SBI was 126.62 in 2007-08
and then increased to 143.77 and 144.37 in 2008-09 and 2009-10. In the year 2010-11 it
decreased to 130.16. In 2011-12 and 2012-13 it increased to 184.31 and 210.06. In 2013-14 and
2014-15 the ratio was 156.76 and 175.5. Then in 2015-16 and 2016-17 the ratio was 129.8 and
134.3. The Earnings per share ratio of ICICI in 2007-08 was 78.8 and then in 2008-09 it
decreased to 67.5.From 2008-09 it increased till 2014-15 and then decreased from 2015-16.
3.1.5 TOTAL ASSETS TURNOVER RATIO:
The asset turnover ratio is an efficiency ratio that measures a company’s ability to generate sales
from its assets by comparing net sales with average total assets. In other words, this ratio shows
how efficiently a company can use its assets to generate sales.
TOTAL ASSETS TURNOVER RATIO = Net sales ÷ Total assets
SBI ICICI
TOTAL TOTAL
YEAR NET TOTAL ASSETS NET TOTAL ASSETS
SALES ASSETS TURNOVER SALES ASSETS TURNOVER
RATIO RATIO
2007-08 58349 721526 0.08 39667 399795 0.1
2008-09 76480 964432 0.08 39210 379300 0.1
2009-10 85962 1053414 0.08 32999 363399 0.09
2010-11 96329 1223736 0.07 33082 406234 0.08
2011-12 120872 1335519 0.09 41045 473647 0.08
2012-13 135691 1566211 0.08 48421 536794 0.09
2013-14 154903 1792748 0.08 54606 594641 0.09
2014-15 174972 2048080 0.08 61267 646129 0.09
2015-16 191843 2357617 0.08 68062 720695 0.09
2016-17 210979 2705966 0.07 73661 771791 0.09
0.12
0.1
0.08
0.06 SBI
ICICI
0.04
0.02
0
2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17
Interpretation:
From the above table and chart we can interpret that the total assets turnover ratio of ICICI is
decreasing from 2008-09 to 2011-12. The total assets turnover ratio of SBI of first three years
was 0.08 and then decreased to 0.07 in 2010-11. In the year 2011-12 it was 0.09 and then from
2012-13 to 2015-16 it was 0.08. The total assets turnover ratio of ICICI in 2007-08 and 2008-09
was 0.1 and then from 2008-09 it starts decreasing. From 2012-13 it is constant.
3.1.6 DEBT EQUITY RATIO:
Debt/Equity (D/E) Ratio, calculated by dividing a company’s total liabilities by its stockholders'
equity, is a debt ratio used to measure a company's financial leverage. The D/E ratio indicates
how much debt a company is using to finance its assets relative to the value of shareholders’
equity.
DEBT EQUITY RATIO = Total Liabilities / Shareholders' Equity
SBI ICICI
DEBT DEBT
YEAR OUTSIDERS SHAREHOLDERS OUTSIDERS SHAREHOLDERS
EQUITY EQUITY
FUND FUND FUND FUND
RATIO RATIO
2007-08 537404 49032 10.96 244431 46820 5.22
2008-09 742073 57948 12.8 218347 49883 4.38
2009-10 804116 65949 12.19 202016 51618 3.91
2010-11 933933 64986 14.37 225602 55090 4.1
2011-12 1043647 83951 12.43 255500 60405 4.23
2012-13 1202740 98884 12.16 292614 66706 4.38
2013-14 1394409 118283 11.79 331914 73213 4.53
2014-15 1576793 128439 12.27 361563 80429 4.49
2015-16 1730722 144274 12 421426 89735 4.69
2016-17 2044751 188286 10.85 490039 99951 4.9
16
14
12
10
8 SBI
ICICI
6
0
2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17
Interpretation:
From the above table and chart we can interpret that the Debt/Equity Ratio of ICICI is
decreasing. The Debt/Equity Ratio of SBI was 10.96 in 2007-08 and then increased to 12.8 in
2008-09. In the year 2009-10 it decreased to 12.19 and increased to 14.37 in 2010-11. In 2011-12
it starts decreasing. The Debt/Equity Ratio of ICICI in 2007-08 was 5.22 and then in 2008-09 it
decreased to 4.38. From 2009-10 it starts increasing. `
3.1.7 RETURN ON EQUITY:
The return on equity ratio or ROE is a profitability ratio that measures the ability of a firm to
generate profits from its shareholders investments in the company. In other words, the return on
equity ratio shows how much profit each dollar of common stockholder’s equity generates.
RETURN ON EQUITY = Net Income/Shareholder's Equity

SBI ICICI
YEAR
RETURN ON EQUITY RETURN ON EQUITY
2007-08 17.82 11.1

2008-09 15.07 7.7
2009-10 14.04 7.9
2010-11 12.84 9.6
2011-12 14.36 11.1
2012-13 15.94 12.9
2013-14 10.49 13.7
2014-15 11.17 14.3
2015-16 7.74 11.3
2016-17 7.25 10.3
20
18
16
14
12
10
SBI
8
6 ICICI
4
2
0
Interpretation:
From the above table and chart we can interpret that the return on equity ratio of SBI is
decreasing from 2007-08 to 2010-11. The return on equity ratio of SBI was 17.82 in 2007-08 and
then decreased to 15.07 in 2008-09. In the year 2012-13 it increased to 15.94. The return on
equity ratio of ICICI in 2007-08 was 11.1 and then in 2008-09 it decreased to 7.7. From 2008-09
it starts increasing.
3.1.8 CREDIT DEPOSIT RATIO:
The loan-to-deposit ratio (LTD) is a commonly used statistic for assessing a bank's liquidity by
dividing the bank's total loans by its total deposits. This number is expressed as a percentage. If
the ratio is too high, it means that the bank may not have enough liquidity to cover any
unforeseen fund requirements, and conversely, if the ratio is too low, the bank may not be
earning as much as it could be.
CREDIT DEPOSIT RATIO = (Loans / Deposits) * 100
SBI ICICI
YEAR CREDIT CREDIT
ADVANCES DEPOSITS DEPOSIT ADVANCES DEPOSITS DEPOSIT
RATIO RATIO
2007-08 416768 537404 77.55 2256 2444 92.3
2008-09 542503 742073 73.1 2183 2183 1
2009-10 631914 804116 78.58 1812 2020 89.7
2010-11 756719 933933 81.02 2163 2256 95.87
2011-12 867579 1043647 83.12 2537 2555 99.29
2012-13 1045617 1202740 86.93 2902 2926 99.17
2013-14 1209829 1394409 86.76 3387 3319 102.04
2014-15 1300026 1576793 82.44 3875 3615 107.19
2015-16 1463700 1730722 84.57 4352 4214 103.27
2016-17 1571078 2044751 76.83 4642 4900 94.73
120
100
80
60
SBI
40 ICICI
20
Interpretation:
From the above table and chart we can interpret that the loan-to-deposit ratio of ICICI is
increasing from 2009-10 to 2014-15. The loan-to-deposit ratio of SBI was 77.55 in 2007-08 and
then decreased to 73.1 in 2008-09. Then it increased from 2009-10 and 2012-13. The loan-to-
deposit ratio of ICICI in 2007-08 was 92.3 and then in 2008-09 it decreased to 1. From 2008-09
it starts increasing.
3.1.9 CAPITAL ADEQUACY RATIO:
It is used to protect depositors and promote the stability and efficiency of financial
systems around the world. Two types of capital are measured: tier one capital, which can absorb
losses without a bank being required to cease trading, and tier two capital, which can absorb
losses in the event of a winding-up and so provides a lesser degree of protection to depositors.
CAPITAL ADEQUACY RATIO = (Tier I Capital + Tier II Capital) /Risk weighted assets
SBI ICICI
YEAR CAPITAL ADEQUACY CAPITAL ADEQUACY
RATIO RATIO
2007-08 14
2008-09 14.25 15.5
2009-10 13.39 19.4
2010-11 11.98 19.5
2011-12 13.86 18.5
2012-13 12.92 18.7
2013-14 12.96 17.7
2014-15 12.79 17
2015-16 13.94 16.6
2016-17 13.56 17.4
25
20
15
SBI
10 ICICI
0
2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17
Interpretation:
From the above table and chart we can interpret that the capital adequacy ratio of ICICI is
increasing from 2007-08 to 2010-11. Then it starts decreases from 2011-12. The capital
adequacy ratio of SBI was N.A. in 2007-08 and then increased to 14.25 in 2008-09. In the year
2009-10 and 2010-11 ratios decreased to 13.39 and 11.98. In 2011-12 it increased to 13.86 and
starts declining from the next year.

3.2 Data Analysis
The analysis of the data is the core part of the research. Scientific methods have been used
nowadays to get the output or study made authentic and can also sufficed the purpose what the
study meant for. The collected data have been processed on computer. To reach certain relevant
results, the data collected from all resources have been tabulated, analyzed and interpreted with
the help of appropriate statistical techniques. In order to analyze the data and draw conclusions in
this study, various statistical tools like EXCEL. The study is confined a period of 10 years i.e.,
from 2007 to 2017.
3.2.1 NET PROFIT RATIO:

Interpretation:
Two Sections (Boxes) appear in the output: Group Statistics and Independent Samples Test. The
first section, Group Statistics, provides basic information about the group comparisons, including
the sample size (n), Mean, Standard Deviation and Standard Error .In this, there are 2 banks
ICICI and SBI for 10 years each bank. The mean of ICICI is 14.4550 and mean of SBI is
8.6490, Standard Deviation of ICICI is 3.03685 and SBI is 2.53490, Standard error mean of
ICICI is 0.96034 and SBI is 0.80161.The Second Section, Independent Samples Test, displays
the result most relevant to Independent Samples t -Test. There are two parts that provide
different pieces of information (A) Levene’s Test for Equality of Variances and (B) t-Test for
Equality of Means.
A. Levene’s Test for Equality of Variances-This section has the test results for Levene’s Test
from Left to Right.
 F is the test statistics of Levene’s Test which is 0.253 and Sig is the p-value
corresponding to this test statistics which is 0.621.
B. t-Test for Equality of Mean provides the results for the actual Independent Samples t-Test
from Left to Right.
 t is the computed test statistic which is same in Equal variances assumed and Equal
variances not assumed that 4.641.
 df is the degree of freedom which is 18 in Equal variances assumed and in Equal
variances not assumed that is 17.443.

 Sig (2-tailed) is the p-value corresponding to the given test statistics and degree of
freedom and there is no difference in that.
 Mean Difference is the difference between the sample means, it also corresponds to the
numerator of the test statistic, which is 5.80600.
 Standard Error Difference is the standard error, it also corresponds to the denominator of
the test statistics that is 1.25093.
INFERENCE:
i. The Levene’s test tells us which statistic to consider .It tests the null hypothesis that the two
groups have equal variances. Small value of significance associated with levene’s test
indicates that two groups have unequal variances.
ii. Therefore, the statistic associated with equal variances not assumed should be used for the t-
Test for equality of means.
iii. The p value here is 0.621 which is more than 0.05.Therefore, we reject the alternative
hypothesis and accept the null hypothesis which means the net profit ratio of ICICI and SBI
are not different from each other.

3.2.2 OPERATING PROFIT RATIO:
Interpretation:
Equality of Means.
from Left to Right.
corresponding to this test statistics which is 0.005
from Left to Right.

INFERENCE:
iii. The p value here is 0.005 which is less than 0.05.Therefore, we accept the alternative
hypothesis and reject the null hypothesis which means the operating profit ratio of ICICI and
SBI are different from each other.
3.2.3 NET WORTH RATIO:

Interpretation:
Equality of Means.
from Left to Right.
from Left to Right.

INFERENCE:
hypothesis and accept the null hypothesis which means the net worth ratio of ICICI and SBI

3.2.4 EARNINGS PER SHARE:
Interpretation:
153.5650, Standard Deviation of ICICI is 47.48400 and SBI is 27.92555, Standard error mean
of ICICI is 15.01576 and SBI is 8.83083.The Second Section, Independent Samples Test,
displays the result most relevant to Independent Samples t -Test. There are two parts that
provide different pieces of information (A) Levene’s Test for Equality of Variances and (B) t-
Test for Equality of Means.

from Left to Right.
from Left to Right .

INFERENCE:
iii. The p value here is 0.012 which is less than 0.05.Therefore, we accept the alternative
hypothesis and reject the null hypothesis which means the earnings per share of ICICI and
SBI are different from each other.
3.2.5 TOTAL ASSETS TURNOVER RATIO:

Interpretation:
ICICI and SBI for 10 years each bank. The mean of ICICI is 0.0900 and mean of SBI is 0.0790,
Standard Deviation of ICICI is 0.00568 and SBI is 0.00667, Standard error mean of ICICI is
0.00211 and SBI is 0.00180.The Second Section, Independent Samples Test, displays the result
most relevant to Independent Samples t -Test. There are two parts that provide different pieces
of information (A) Levene’s Test for Equality of Variances and (B) t-Test for Equality of
Means.
from Left to Right.
from Left to Right.

INFERENCE:
hypothesis and accept the null hypothesis which means the total assets turnover ratio of
ICICI and SBI are not different from each other.

3.2.6 DEBT EQUITY RATIO:
Interpretation:
Equality of Means.
from Left to Right.
from Left to Right.

INFERENCE:
hypothesis and accept the null hypothesis which means the debt equity ratio of ICICI and
SBI are not different from each other.
3.2.7 RETURN ON EQUITY:

Interpretation:
Equality of Means.
from Left to Right.
from Left to Right.

INFERENCE:
hypothesis and accept the null hypothesis which means the return on equity of ICICI and SBI

3.2.8 CREDIT DEPOSIT RATIO:
Interpretation:
Equality of Means.
from Left to Right.
from Left to Right.

INFERENCE:
hypothesis and accept the null hypothesis which means the credit deposit ratio of ICICI and
SBI are not different from each other.
3.2.9 CAPITAL ADEQUACY RATIO:

Interpretation:
Equality of Means.
from Left to Right.
from Left to Right.

INFERENCE:
i. The Levene’s test tells us which statistic to consider .It tests the null hypothesis that the
two groups have equal variances. Small value of significance associated with levene’s
test indicates that two groups have unequal variances.
ii. Therefore, the statistic associated with equal variances not assumed should be used for
the t-Test for equality of means.
hypothesis and accept the null hypothesis which means the capital adequacy ratio of
ICICI and SBI are not different from each other.

CHAPTER 4
SUMMARY AND CONCLUSIONS
4.1 Findings:
 Net profit ratio of ICICI is greater than SBI.
 Total assets turnover ratio of ICICI is greater than SBI.
 Debt equity ratio of SBI is greater than ICICI.
 Credit deposit ratio of ICICI is greater than SBI.
 Capital adequacy ratio of ICICI is greater than SBI. 
4.2 Conclusion:

CHAPTER 1 - STP

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Chapter- 3

Data Presentation and Analysis

private sector banks in India.

3.1 Data Presentation

performance from year 2007 to 2017.

3.1.1 NET PROFIT RATIO:

NET PROFIT RATIO = (Net profit ÷ Net sales) * 100

3.1.2 OPERATING PROFIT RATIO:

ability of the management in running the business.

OPERATING PROFIT RATIO = (Operating profit / Net sales) * 100

analyze investor returns.

NET WORTH RATIO = (Net profit / Shareholder capital) * 100

overall profitability of the company.

EPS = (Net Income - Dividends on Preferred Stock) / Average Outstanding Shares

how efficiently a company can use its assets to generate sales.

TOTAL ASSETS TURNOVER RATIO = Net sales ÷ Total assets

DEBT EQUITY RATIO = Total Liabilities / Shareholders' Equity

decreased to 4.38. From 2009-10 it starts increasing. `

3.1.7 RETURN ON EQUITY:

RETURN ON EQUITY = Net Income/Shareholder's Equity

2007-08 17.82 11.1

3.1.8 CREDIT DEPOSIT RATIO:

earning as much as it could be.

CREDIT DEPOSIT RATIO = (Loans / Deposits) * 100

starts declining from the next year.

from 2007 to 2017.

3.2.1 NET PROFIT RATIO:

from Left to Right.

corresponding to this test statistics which is 0.621.

from Left to Right.

variances not assumed that 4.641.

 df is the degree of freedom which is 18 in Equal variances assumed and in Equal

variances not assumed that is 17.443.

freedom and there is no difference in that.

numerator of the test statistic, which is 5.80600.

the test statistics that is 1.25093.

indicates that two groups have unequal variances.

Test for equality of means.

are not different from each other.

from Left to Right.

corresponding to this test statistics which is 0.005

from Left to Right.

variances not assumed that 1.502.

 df is the degree of freedom which is 18 in Equal variances assumed and in Equal

variances not assumed that is 11.472.

freedom and there is no difference in that.

numerator of the test statistic, which is 4.20500.

the test statistics that is 2.79949.

indicates that two groups have unequal variances.

Test for equality of means.

SBI are different from each other.

3.2.3 NET WORTH RATIO:

from Left to Right.

corresponding to this test statistics which is 0.126.

from Left to Right.

variances not assumed that 0.783.

 df is the degree of freedom which is 18 in Equal variances assumed and in Equal

variances not assumed that is 15.452.

freedom and there is no difference in that.

numerator of the test statistic, which is 1.01100.

the test statistics that is 1.29164.

indicates that two groups have unequal variances.

Test for equality of means.