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.
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from above test statistic t =-1.16
p value =0.290
b)
for 95% CI; and 6 degree of freedom, value of t= | 2.447 | ||
therefore confidence interval= | sample mean -/+ t*std error | ||
margin of errror =t*std error= | 2.708 | ||
lower confidence limit = | 6.01 | ||
upper confidence limit = | 11.42 |
A manufacturer produces both a deluxe and a standard model of an automatic sander designed for...
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 27 28 35 31 40 39 36 30 32 29 7 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...
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 Excel File: data10-27.xlsx Model Price ($) Model Price ($) Retail Outlet Deluxe Standard Retail OutletDeluxe Standard 39 39 45 38 27 28 35 30 40 39 35 30 34 29 6 Round your answers to 2 decimal places. a. The manufacturer's suggested retail prices for the two models show a $10 price...
Amanufacturerproducesbothadeluxeandastandardmodelofanautomaticsanderdesignedforhomeuse. Sellingpricesobtainedf romasampleof retail outlets follow. A manufacturer produces both a deluxe and a standard model of an automatic sander designed for home use. Selling prices obtained from a sample of retail outlets follow. Model Price ($) Retail Outlet Deluxe Standard 1 40 27 3928 Model Price ($) Retail Outlet Deluxe Standard 40 32 38 a. The manufacturer's suggested retail prices for the two models show a $10 price differential. Use a .05 level of significance and test that the...
A manufacturer produces both a deluxe and a standard model of an automatic sander designed for home use. Selling prices obtained from a sample of retail ourlets folow Excel Files data10-27xls Model Price Model Price ( Retail Outles Deluxe Standard Retail Outlet Deluse Standard 40 39 19 45 38 28 35 30 30. 34 29 ound your answers to 2 decimal places a. The manufacturers sugpested Do sot resect the mull bypothesis (H30) b. what is the 95% confidence interval...
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What is the confidence interval for the difference between the mean prices of the two models? Chapter 10 Assignment Save Submit Assignment for Grading Exercise 10.27 Question 3 of 3 Check My Work eBook A manufacturer produces both a deluxe and a standard model of an automatic sander designed for home use. Selling prices obtained from a sample of retail outlets follow Excel File: data10-27.xisx Model Price ($) Model Price ($) Retail Outlet Deluxe Standard Retail Outlet Delux Standard 39...
Need helping figuring out part B of the problem. A manufacturer produces both a deluxe and a standard model of an automatic sander designed for home use. Selling prices obtained from a sample of retail outlets follow. Model Price ($) Model Price ($) Retail Outlet Deluxe Standard Retail Outlet Deluxe Standard 1 39 27 5 40 30 2 39 29 6 39 35 الع 46 35 7 35 29 38 31 a. The manufacturer's suggested retail prices for the two...
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