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 $10.Develop the null and alternative hypotheses.H 0 = H a = B. What is the P-VALUE C. What is the 95% confidence interval for the difference between the mean prices of the two models (to 2 decimals)? A manufacturer produces both a deluxe and a standard model of an automatic sander designed for home use. Selling prices obtained from a sample of retail outlets follow.Model Price ($)Model Price ($)Retail Outlet Deluxe StandardRetail Outlet Deluxe Standard4127403039306.393434435352943830a. 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 twomodels is $10.Develop the null and alternative hypotheses.Ho = 4 d selectHa = 4 d selectCalculate the value of the test statistic. If required enter negative values as negative numbers. (to 2 decimals).The p-value is SelectCan you conclude that the price differential is not equal to $10?Selectb. 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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Description: 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.H 0

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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.
H ₀ =
H _a =

B. What is the P-VALUE

C. What is the 95% confidence interval for the difference between the mean prices of the two models (to 2 decimals)?

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
41
27
40
30
39
30
6.
39
34
3
44
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 = 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
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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