3. A produces both deluxe and standard models of a home appliance and the selling prices from a sample of retail outlets are as follows: Model Prices ($) Standard 27 28 35 30 30 34 29 Retail Outlet Deluxe 39 1. 2. 3. 4. 5. 6. 7. 39 45 38 40 39 35 The manufacturer claims that the average retail price differential between the two models is at most $7.50. Conduct a hypothesis test to affirm or deny the manufacturer's claim. Clearly show your hypothesis testing steps (state your null and alternative hypotheses, level of significance, test statistic, etc.) and manual (hand and a calculator) calculations in 2 decimal places.

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3. A manufacturer produces both deluxe and standard models of a home
appliance and the selling prices from a sample of retail outlets are as follows:
Model Prices ($)
Deluxe
39
Retail Outlet
Standard
1.
27
28
2.
39
45
3.
4.
5.
6.
38
40
39
35
30
30
34
29
7.
35
The manufacturer claims that the average retail price differential between the
two models is at most $7.50. Conduct a hypothesis test to affirm or deny the
manufacturer's claim. Clearly show your hypothesis testing steps (state your
null and alternative hypotheses, level of significance, test statistic, etc.) and
manual (hand and a calculator) calculations in 2 decimal places.
Transcribed Image Text:3. A manufacturer produces both deluxe and standard models of a home appliance and the selling prices from a sample of retail outlets are as follows: Model Prices ($) Deluxe 39 Retail Outlet Standard 1. 27 28 2. 39 45 3. 4. 5. 6. 38 40 39 35 30 30 34 29 7. 35 The manufacturer claims that the average retail price differential between the two models is at most $7.50. Conduct a hypothesis test to affirm or deny the manufacturer's claim. Clearly show your hypothesis testing steps (state your null and alternative hypotheses, level of significance, test statistic, etc.) and manual (hand and a calculator) calculations in 2 decimal places.
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