Many seniors are ordering their drugs online to take advantage of lower costs for these pharmacies. A

Question:

Many seniors are ordering their drugs online to take advantage of lower costs for these pharmacies. A random sample of nine online pharmacies was selected and the cost of a 10-mg Buspar (Buspirone) tablet recorded, as given in the following table.
Many seniors are ordering their drugs online to take advantage

a. Test the hypothesis of no difference in costs between brand and generic Buspar 10-mg tablets at the α = .05 level of significance.
b. Find the estimated savings per tablet by purchasing the generic as opposed to the brand-name tablets with a 95% confidence interval.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Introduction To Probability And Statistics

ISBN: 9781133103752

14th Edition

Authors: William Mendenhall, Robert Beaver, Barbara Beaver

Question Posted: