I need help figuring this out, very confused. A manufacturer produces both a deluxe and a standard model of an automatic sander designed for home use. Selling prices obtainedfrom a sample of retail outlets follow.Model Price ($)Model Price ($)Retail OutletDeluxe StandardRetail OutletDeluxe Standard1402754030239283932343357362943831a. The manufacturer's suggested retail prices for the two models show a $10 price differential. Use a .05 level of significance and testthat the mean difference between the prices of the two models is $10.Develop the null and alternative hypotheses.Ho= μdSelectHa = µ d SelectCalculate the value of the test statistic. If required enter negative values as negative numbers. Use z-table. (to 2 decimals).The p-value is SelectCan you conclude that the price differential is not equal to $10?Select vb. What is the 95% confidence interval for the difference between the mean prices of the two models (to 2 decimals)? A manufacturer produces both a deluxe and a standard model of an automatic sander designed for home use. Selling prices obtainedfrom a sample of retail outlets follow.Model Price ($)Model Price ($)Retail Outlet Deluxe StandardRetail Outlet Deluxe Standard1402754030239286.3932343357362943831a. The manufacturer's suggested retail prices for the two models show a $10 price differential. Use a .05 level of significance and testthat the mean difference between the prices of the two models is $10.Develop the null and alternative hypotheses.Ho = µ d v SelectHa = µ cgreater than 10greater than or equal to 10equal to 10CalculateIf required enter negative values as negative numbers. Use z-table. (to 2 decimals).less than or equal to 10less than 10not equal to 10The p-value is SelectCan you conclude that the price differential is not equal to $10?Select vb. What is the 95% confidence interval for the difference between the mean prices of the two models (to 2 decimals)?

Name: I need help figuring this out, very confused. A manufacturer produces
Uploaded: 2024-03-20T07:07:37.000Z
Channel: Bartleby
Description: I need help figuring this out, very confused. A manufacturer produces both a deluxe and a standard model of an automatic sander designed for home use. Selling prices obtainedfrom a sample of retail outlets follow.Model Price ($)Model Price ($)Retail