Blue Box is testing a new “half price on Tuesday” policy on DVD rentals at a sample of 10 locations. LocationNew PriceOld Price1 13 10 2 12 8 3 15 11 4 13 12 5 11 10 6 12 14 7 12 12 8 11 6 9 12 14 10 14 9 Click here for the Excel Data File (a-1) Choose the right option for H0:μd ≤ 0; H1:μd> 0. Use α = .10. Reject if tcalc < 1.383Reject if tcalc > 1.383 (a-2) Calculate the value of tcalc. (Round your answer to 2 decimal places.) tcalc (b-1) Is the decision close? (Round your answer to 4 decimal places.) The decision is (Click to select) close not close The p-value is . (b-2) The new price is better than the old. TrueFalse (b-3) The difference is significant. FalseTrue (c) Are you convinced? NoYes rev: 04_29_2019_QC_CS-167426

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Answered: Blue Box is testing a new “half price…

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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Blue Box is testing a new “half price on Tuesday” policy on DVD rentals at a sample of 10 locations.

Location	New Price	Old Price
1		13	10
2		12	8
3		15	11
4		13	12
5		11	10
6		12	14
7		12	12
8		11	6
9		12	14
10		14	9

Click here for the Excel Data File

(a-1) Choose the right option for H₀:μ_d ≤ 0; H₁:μ_d> 0. Use α = .10.

Reject if t_calc < 1.383
Reject if t_calc > 1.383

(a-2) Calculate the value of t_calc. (Round your answer to 2 decimal places.)

t_calc

(b-1) Is the decision close? (Round your answer to 4 decimal places.)

The decision is   (Click to select)   close   not close

The p-value is  .

(b-2) The new price is better than the old.

True
False

(b-3) The difference is significant.

False
True

(c) Are you convinced?

rev: 04_29_2019_QC_CS-167426

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