1. Math
2. Statistics And Probability
3. the selling prices in for the deluxe and standard...

# Question: the selling prices in for the deluxe and standard...

###### Question details

The selling prices (in $) for the deluxe and standard model Ryobi wood sanders are shown for a sample of eight retail stores. Does the data suggest the difference in average selling price of these Ryobi is more than$10 at a=0.01?

 Retail Store Deluxe Standard 1 42 29 2 41 29 3 42 29 4 36 24 5 37 26 6 31 20 7 33 20 8 32 22

For the hypothesis stated above (in terms of Deluxe - Standard):

Question 1. What is the test statistic ______

Question 2. What is the conclusion? (TISETC or TINSETC) μDeluxe - μStandard (< , > , or =) ______

Question 3. What is the p-value? Fill in only one of the following statements.

If the Z table is appropriate, p-value = _______

If the t table is appropriate, ______ < p-value < _______