You're a data analyst for an insurance company. You want to make sure that your employer is not over-paying for car repairs. To investigate this, you bring 31 different cars to two different garages, Bubba's Hubcap Heaven and Repair, and Merle's Motor Shop. Some of the cars need lots of repairs. Some of the cars need very few. By taking each car to both shops, we can directly compare the two sets of prices.  The dataset is in an Excel file named "Bubba_v_Merle_3190.xls", which you can find in the "Data" folder under Course Documents.  Before running your analysis, be sure to look at the data file and verify that each car requires a different amount of repairs, and that prices in one shop are correlated with prices at the other shop. That is, they're in the same ballpark.  The question is whether one tends to charge more, on average, than the other. Your task is to use Excel to test the research hypothesis that prices are different in the two shops; the null hypothesis is that prices are equal between the two shops. You test at the alpha = 0.10 significance level.  What do you conclude? Are prices the same? Who has higher prices?  Group of answer choices You reject the null hypothesis; prices are different. Bubba charges more than Merle. You reject the null hypothesis; prices are different. Merle charges more than Bubba. You do not reject the null hypothesis; Merle and Bubba charge the same. You reject the null hypothesis; Merle and Bubba charge the same.   cost e1 e2 Bubba Merle 1272 1335 934 2607.00 2206.00 7922 1291 702 9213.00 8624.00 5892 842 428 6733.00 6320.00 7557 654 1209 8212.00 8767.00 5357 902 1282 6259.00 6639.00 7717 1466 1116 9183.00 8832.00 4023 597 1212 4620.00 5235.00 4703 386 1319 5089.00 6022.00 8540 979 733 9520.00 9274.00 8234 1056 736 9290.00 8970.00 3096 716 972 3812.00 4068.00 9388 704 999 10092.00 10388.00 5045 857 1182 5902.00 6227.00 1023 539 665 1562.00 1688.00 2619 731 1549 3350.00 4168.00 7234 1048 1013 8282.00 8247.00 3153 842 1055 3995.00 4208.00 3176 1083 862 4259.00 4037.00 7304 869 1505 8173.00 8809.00 7661 494 1167 8155.00 8828.00 2399 629 1139 3028.00 3538.00 8316 1350 900 9666.00 9216.00 11147 898 878 12045.00 12025.00 4994 574 1097 5568.00 6091.00 898 1248 1023 2146.00 1921.00 7570 1047 867 8617.00 8437.00 5525 695 1353 6220.00 6878.00 3520 1173 1317 4694.00 4838.00 3709 540 796 4249.00 4505.00 7445 1058 1132 8503.00 8577.00 10616 1530 1030 12146.00 11647.00

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question

You're a data analyst for an insurance company. You want to make sure that your employer is not over-paying for car repairs. To investigate this, you bring 31 different cars to two different garages, Bubba's Hubcap Heaven and Repair, and Merle's Motor Shop. Some of the cars need lots of repairs. Some of the cars need very few. By taking each car to both shops, we can directly compare the two sets of prices. 


The dataset is in an Excel file named "Bubba_v_Merle_3190.xls", which you can find in the "Data" folder under Course Documents. 

Before running your analysis, be sure to look at the data file and verify that each car requires a different amount of repairs, and that prices in one shop are correlated with prices at the other shop. That is, they're in the same ballpark. 

The question is whether one tends to charge more, on average, than the other. Your task is to use Excel to test the research hypothesis that prices are different in the two shops; the null hypothesis is that prices are equal between the two shops. You test at the alpha = 0.10 significance level. 

What do you conclude? Are prices the same? Who has higher prices? 

Group of answer choices

You reject the null hypothesis; prices are different. Bubba charges more than Merle.

You reject the null hypothesis; prices are different. Merle charges more than Bubba.

You do not reject the null hypothesis; Merle and Bubba charge the same.

You reject the null hypothesis; Merle and Bubba charge the same.

 

cost

e1

e2

Bubba

Merle

1272

1335

934

2607.00

2206.00

7922

1291

702

9213.00

8624.00

5892

842

428

6733.00

6320.00

7557

654

1209

8212.00

8767.00

5357

902

1282

6259.00

6639.00

7717

1466

1116

9183.00

8832.00

4023

597

1212

4620.00

5235.00

4703

386

1319

5089.00

6022.00

8540

979

733

9520.00

9274.00

8234

1056

736

9290.00

8970.00

3096

716

972

3812.00

4068.00

9388

704

999

10092.00

10388.00

5045

857

1182

5902.00

6227.00

1023

539

665

1562.00

1688.00

2619

731

1549

3350.00

4168.00

7234

1048

1013

8282.00

8247.00

3153

842

1055

3995.00

4208.00

3176

1083

862

4259.00

4037.00

7304

869

1505

8173.00

8809.00

7661

494

1167

8155.00

8828.00

2399

629

1139

3028.00

3538.00

8316

1350

900

9666.00

9216.00

11147

898

878

12045.00

12025.00

4994

574

1097

5568.00

6091.00

898

1248

1023

2146.00

1921.00

7570

1047

867

8617.00

8437.00

5525

695

1353

6220.00

6878.00

3520

1173

1317

4694.00

4838.00

3709

540

796

4249.00

4505.00

7445

1058

1132

8503.00

8577.00

10616

1530

1030

12146.00

11647.00

 

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 6 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman