Textbook Prices. OC vs. CSUN The prices of a random sample of comparable (matched) textbooks from two schools were recorded. We are comparing the prices at OC (Oxnard Community College) and CSUN (California State University at Northridge). Assume that the population distribution of differences is approximately Normal. Each book was priced separately; there were no books “bundled” together. Compare the sample means. Determine whether the mean prices of all books are significantly different. Use a significance level of 0.05 .
Textbook Prices. OC vs. CSUN The prices of a random sample of comparable (matched) textbooks from two schools were recorded. We are comparing the prices at OC (Oxnard Community College) and CSUN (California State University at Northridge). Assume that the population distribution of differences is approximately Normal. Each book was priced separately; there were no books “bundled” together. Compare the sample means. Determine whether the mean prices of all books are significantly different. Use a significance level of 0.05 .
Solution Summary: The author explains how to determine and compare the sample mean price of books at OC and CSUN.
Textbook Prices. OC vs. CSUN The prices of a random sample of comparable (matched) textbooks from two schools were recorded. We are comparing the prices at OC (Oxnard Community College) and CSUN (California State University at Northridge). Assume that the population distribution of differences is approximately Normal. Each book was priced separately; there were no books “bundled” together.
Compare the sample means.
Determine whether the mean prices of all books are significantly different. Use a significance level of
0.05
.
Statistics that help describe, summarize, and present information extracted from data. Descriptive statistics include concepts related to measures of central tendency, measures of variability, measures of frequency, shape of distribution, and some data visualization techniques/tools such as pivot tables, charts, and graphs.
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Part (b)
Draw a scatter plot of the ordered pairs.
N
Life
Expectancy
Life
Expectancy
80
70
600
50
40
30
20
10
Year of
1950
1970 1990
2010 Birth
O
Life
Expectancy
Part (c)
800
70
60
50
40
30
20
10
1950
1970 1990
W
ALT
林
$
#
4
R
J7
Year of
2010 Birth
F6
4+
80
70
60
50
40
30
20
10
Year of
1950 1970 1990
2010 Birth
Life
Expectancy
Ox
800
70
60
50
40
30
20
10
Year of
1950 1970 1990 2010 Birth
hp
P.B.
KA
&
7
80
% 5
H
A
B
F10
711
N
M
K
744
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