11.52 Does the price of fresh fruit smoothies differ between Boost juice, Naked Juice and Funky juice
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Question:
11.52 Does the price of fresh fruit smoothies differ between Boost juice, Naked Juice and Funky juice outlets.A researcher collected the price of a sample of five products at each of the outlets (in dollars).
Boost juice: 4.9 , 9.1 , 8.9, 7.4, 5.3
Naked Juice: 5.9, 5.5, 7.3, 6.3, 7.5
Funky Juice: 6.7, 9.5, 7.2, 7.0, 8.1
a. At the 0.05 level of significance:
i. Is there evidence of a significant difference in the variance of the fruit smoothie prices?
ii. Is there evidence of a difference between mean fruit smoothie prices?
b. IF appropriate, use the Tukey-Kramer procedure and a 0.05 level of significance to determine which outlet significantly differs with respect to mean price.
c. What conclusions can you reach?
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