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 < _______

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution