Nine experts rated two brands of Colombian coffee in a taste-testing experiment. A rating on a 7-point
Question:
a. At the 0.05 level of significance, is there evidence of a difference in the mean ratings between the two brands?
b. What assumption is necessary about the population distribution in order to perform this test?
c. Determine the p-value in (a) and interpret its meaning.
d. Construct and interpret a 95% confidence interval estimate of the difference in the mean ratings between the two brands.
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Statistics For Managers Using Microsoft Excel
ISBN: 772
7th Edition
Authors: David M. Levine, David F. Stephan, Kathryn A. Szabat
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