As the costs of prescription drugs escalate, more and more senior citizens are ordering prescriptions from Canada,

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As the costs of prescription drugs escalate, more and more senior citizens are ordering prescriptions from Canada, or actually crossing the border to buy prescription drugs. The price of a typical prescription for nine best-selling drugs was recorded at randomly selected stores in both the United States and in Canada.

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a. Is there sufficient evidence to indicate that the average cost of prescription drugs in the United States is different from the average cost in Canada? Use α = .01.

b. What is the approximate the p-value for this test? Does this confirm your conclusions in part a?

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Introduction To Probability And Statistics

ISBN: 9780495389538

13th Edition

Authors: William Mendenhall, Robert J. Beaver, Barbara M. Beaver

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