Ron Marks9 visited five supermarket chains in New York and New Jersey and compared store- and namebrand

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Ron Marks9 visited five supermarket chains in New York and New Jersey and compared store- and namebrand prices for 30 items listed below.
Ron Marks9 visited five supermarket chains in New York and

a. Use the sign test to determine whether or not storebrand items cost less than their name-brand counterparts using α =.01.
b. Use the Wilcoxon signed-rank test to determine if store-brand items cost less than their name-brand counterparts using α = .01.
c. Use the paired-t test to determine if the average cost of store-brand items is less than the average cost of their name-brand counterparts using α = .01.
d. Are the conclusions the same for all three tests? Would you expect them to be? Why or why not?

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Related Book For  book-img-for-question

Introduction To Probability And Statistics

ISBN: 9781133103752

14th Edition

Authors: William Mendenhall, Robert Beaver, Barbara Beaver

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