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A manufacturer produces both a deluxe and a standard model of an automatic sander designed for home use. Selling prices obtained from sample of retail outlets follow. Model Price ($) Model Price ($) Retail Outlet Deluxe Standard Retail Outlet Deluxe Standard 39 27 40 30 21 39 28 6. 39 34 45 35 35 29 4. 38 30 a. The manufacturer's suggested retail prices for the two models show a $10 price differential. Use a .05 level of significance and test that the mean difference between the prices of the two models is $10. Develop the null and alternative hypotheses. Ho - 4d Select Ha- 4 d select Calculate the value of the test statistic. If required enter negative values as negative numbers. (to 2 decimals). The p-value is Select Can you conclude that the price differential is not equal to $10? Select v b. What is the 95% confidence interval for the difference between the mean prices of the two models (to 2 decimals)? Use a t-table.

A manufacturer produces both a deluxe and a standard model of an automatic sander designed for home use. Selling prices obtained from sample of retail outlets follow. Model Price ($) Model Price ($) Retail Outlet Deluxe Standard Retail Outlet Deluxe Standard 39 27 40 30 21 39 28 6. 39 34 45 35 35 29 4. 38 30 a. The manufacturer's suggested retail prices for the two models show a $10 price differential. Use a .05 level of significance and test that the mean difference between the prices of the two models is $10. Develop the null and alternative hypotheses. Ho - 4d Select Ha- 4 d select Calculate the value of the test statistic. If required enter negative values as negative numbers. (to 2 decimals). The p-value is Select Can you conclude that the price differential is not equal to $10? Select v b. What is the 95% confidence interval for the difference between the mean prices of the two models (to 2 decimals)? Use a t-table.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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A manufacturer produces both a deluxe and a standard model of an automatic sander designed for home use. Selling prices obtained from a sample of retail outlets follow. Model Price ($) Model Price ($) Retail Outlet Deluxe Standard Retail Outlet Deluxe Standard 39 27 40 30 39 28 6. 39 34 45 35 35 29 4. 38 30 a. The manufacturer's suggested retail prices for the two models show a $10 price differential. Use a .05 level of significance and test that the mean difference between the prices of the two models is $10. Develop the null and alternative hypotheses. Ho - 4 d select Ha - u d Select Calculate the value of the test statistic. If required enter negative values as negative numbers. (to 2 decimals). The p-value is Select Can you conclude that the price differential is not equal to $107 Select v b. What is the 95% confidence interval for the difference between the mean prices of the two models (to 2 decimals)? Use a t-table.
Transcribed Image Text:A manufacturer produces both a deluxe and a standard model of an automatic sander designed for home use. Selling prices obtained from a sample of retail outlets follow. Model Price ($) Model Price ($) Retail Outlet Deluxe Standard Retail Outlet Deluxe Standard 39 27 40 30 39 28 6. 39 34 45 35 35 29 4. 38 30 a. The manufacturer's suggested retail prices for the two models show a $10 price differential. Use a .05 level of significance and test that the mean difference between the prices of the two models is $10. Develop the null and alternative hypotheses. Ho - 4 d select Ha - u d Select Calculate the value of the test statistic. If required enter negative values as negative numbers. (to 2 decimals). The p-value is Select Can you conclude that the price differential is not equal to $107 Select v b. What is the 95% confidence interval for the difference between the mean prices of the two models (to 2 decimals)? Use a t-table.
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