Question: the selling prices in for the deluxe and standard...
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?
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 < _______