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)?

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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

Manufactures produces both deluxe and standard model of an automatic sander designed for home use.…

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I need help figuring this out, very confused.

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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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 obtained
from a sample of retail outlets follow.
Model Price ($)
Model Price ($)
Retail Outlet
Deluxe Standard
Retail Outlet
Deluxe Standard
1
40
27
5
40
30
2
39
28
39
32
3
43
35
7
36
29
4
38
31
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= μd
Select
Ha = µ d Select
Calculate the value of the test statistic. If required enter negative values as negative numbers. Use z-table. (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)?

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