Answered: Price($) W Price ($) A $3.98 $3.99…

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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Question

Price($) W	Price ($) A
$3.98	$3.99
$2.28	$3.49
$3.08	$5.29
$0.58	$0.60
$2.00	$1.77
$8.98	$10.49
$3.94	$3.99
$3.50	$5.49
$1.50	$0.99
$2.18	$2.29
$3.88	$3.19
$2.78	$2.99
$2.12	$1.00
$0.88	$0.59
$2.64	$2.79
$0.98	$1.99
$0.98	$1.00
$0.75	$1.00
$0.28	$0.29
$2.98	$3.99
$2.82	$2.79
$0.94	$1.19
$1.47	$1.25
$5.48	$4.99
$3.98	$3.99
$3.48	$3.79
$1.08	$1.89
$1.08	$1.00
$1.00	$1.50
$0.58	$0.50

Trying to determine if A is more expenive than W.

Test Your Claim for Using a 2 Sample Hypothesis Test with a 5% Level of Significance.

1. Define µ1 and µ2

2. Determine the null and alternate hypothesis and identify the claim.

3. Using technology find the test statistic and interpret it.

4. Make a decision of rejecting or failing to reject the null hypothesis. You can use the Classical Approach (using critical values) or the P-value Approach but you must thoroughly explain which method you used and walk me through your steps.

5. State your conclusion based on the claim.

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