# 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 < _______