An economist studying inflation in electricity prices in 2018 and 2019 believes that the average price of electricity, even after adjusting for inflation, changed between these two years. To test his claim, he samples 9 different counties and records the average price of electricity in each county from each year. He then adjusts the price for inflation. His results are given in the following table. Test the economist's claim at the 0.10 level of significance assuming that the population distribution of the pai differences is approximately normal. Let d = (prices in 2019) - (prices in 2018). Average Residential Retail Prices of Electricity ($/kWh)
An economist studying inflation in electricity prices in 2018 and 2019 believes that the average price of electricity, even after adjusting for inflation, changed between these two years. To test his claim, he samples 9 different counties and records the average price of electricity in each county from each year. He then adjusts the price for inflation. His results are given in the following table. Test the economist's claim at the 0.10 level of significance assuming that the population distribution of the pai differences is approximately normal. Let d = (prices in 2019) - (prices in 2018). Average Residential Retail Prices of Electricity ($/kWh)
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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11.3 Calculate test statistic
![Question 2 of 6, Step 2 of 3
:8:
F1
An economist studying inflation in electricity prices in 2018 and 2019 believes that the average price of electricity, even after adjusting for inflation, changed between
these two years. To test his claim, he samples 9 different counties and records the average price of electricity in each county from each year. He then adjusts the prices
for inflation. His results are given in the following table. Test the economist's claim at the 0.10 level of significance assuming that the population distribution of the paired
differences is approximately normal. Let d = (prices in 2019) - (prices in 2018).
© 2023 Hawkes Learning
F2
80
F3
000
000
F4
2018
Average Residential Retail Prices of Electricity ($/kWh)
11.62
18.19
16.62
17.13
15.45
17.86
18.28
15.81
15.11
3/20
Correct
F5
Conv Data
F6
e
MacBook Air
-
tv
◄◄
F7
2019
13.44
16.30
16.62
16.32
13.61
16.96
16.64
14.00
13.70
A
DII
F8
Ⓒ
F9
1
F10
Submit Answer
zoom
4)
cricut
F11
F12](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbd7c802e-d513-42fc-a83d-4037498aa7e4%2F99e465c8-7235-42c5-ab1d-a210a4b6da04%2Fh289ecp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 2 of 6, Step 2 of 3
:8:
F1
An economist studying inflation in electricity prices in 2018 and 2019 believes that the average price of electricity, even after adjusting for inflation, changed between
these two years. To test his claim, he samples 9 different counties and records the average price of electricity in each county from each year. He then adjusts the prices
for inflation. His results are given in the following table. Test the economist's claim at the 0.10 level of significance assuming that the population distribution of the paired
differences is approximately normal. Let d = (prices in 2019) - (prices in 2018).
© 2023 Hawkes Learning
F2
80
F3
000
000
F4
2018
Average Residential Retail Prices of Electricity ($/kWh)
11.62
18.19
16.62
17.13
15.45
17.86
18.28
15.81
15.11
3/20
Correct
F5
Conv Data
F6
e
MacBook Air
-
tv
◄◄
F7
2019
13.44
16.30
16.62
16.32
13.61
16.96
16.64
14.00
13.70
A
DII
F8
Ⓒ
F9
1
F10
Submit Answer
zoom
4)
cricut
F11
F12
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