We are interested in comparing the average supermarket prices of two leading colas in the Tampa area. Our sample was taken by randomly going to each of eight supermarkets and recording the price of a six-pack of cola of each brand. The data are shown in the following table. Find a 98% confidence interval for the difference in mean price of brand 1 and brand 2. Assume that the paired data came from a population that is normally distributed. Price Supemarket Brand 1 $2.25 Brand 2 Difference $2.30 $-0.05 2.47 2.45 0.02 2.38 2.44 -0.06 4. 2.27 2.29 -0.02 2.15 2.25 -0.10 2.25 2.25 0.00

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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We are interested in comparing the average
supermarket prices of two leading colas in the
Tampa area. Our sample was taken by randomly
going to each of eight supermarkets and recording
the price of a six-pack of cola of each brand. The
data are shown in the following table. Find a 98%
confidence interval for the difference in mean price
of brand 1 and brand 2. Assume that the paired data
came from a population that is normally distributed.
Price
Supemarket Brand 1
$2.25
Brand 2
Difference
1
$2.30
$-0.05
2.47
2.45
0.02
3
2.38
2.44
-0.06
4
2.27
2.29
-0.02
2.15
2.25
-0.10
2.25
2.25
0.00
7
2.36
2.42
-0.06
8
2.37
2.40
-0.03
x1 = 2.3125 x2 = 2.3500 a = -0.0375
s1 = 0.1007
s2 = 0.0859
Sd = 0.0381
Select one:
O A. (-0.0779, 0.0029)
B. (-0.1768, 0.1018)
C. (-0.0722, -0.0028)
D. (-0.0846, 0.0096)
Transcribed Image Text:We are interested in comparing the average supermarket prices of two leading colas in the Tampa area. Our sample was taken by randomly going to each of eight supermarkets and recording the price of a six-pack of cola of each brand. The data are shown in the following table. Find a 98% confidence interval for the difference in mean price of brand 1 and brand 2. Assume that the paired data came from a population that is normally distributed. Price Supemarket Brand 1 $2.25 Brand 2 Difference 1 $2.30 $-0.05 2.47 2.45 0.02 3 2.38 2.44 -0.06 4 2.27 2.29 -0.02 2.15 2.25 -0.10 2.25 2.25 0.00 7 2.36 2.42 -0.06 8 2.37 2.40 -0.03 x1 = 2.3125 x2 = 2.3500 a = -0.0375 s1 = 0.1007 s2 = 0.0859 Sd = 0.0381 Select one: O A. (-0.0779, 0.0029) B. (-0.1768, 0.1018) C. (-0.0722, -0.0028) D. (-0.0846, 0.0096)
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