10.122 Border Wars As the costs of prescription drugs escalate, more and more American senior citizens are...
Question:
10.122 Border Wars As the costs of prescription drugs escalate, more and more American 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.
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 a =0.01.
b. What is the approximate the p-value for this test? Does this confirm your conclusions in part a?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Introduction To Probability And Statistics
ISBN: 9780176509804
3rd Edition
Authors: William Mendenhall
Question Posted: