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2) (2 points) Using the information about prices in Table 3, Joe concluded that the higher sales for Ole is due to the fact that

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2) (2 points) Using the information about prices in Table 3, Joe concluded that the higher sales for Ole is due to the fact that O has a lower price than Carl's. As a reminder, Table 3 below contains the weekly average sales and prices in one year across the three chains (the standard deviations are in the parenthesis). Note that the critical value you will use for this question is 1.96. The significance level is 0.05. Average Sales (in unit) Average Price ($) (Standard Deviation) (Standard Deviation) Ole Carl's Ole Carl's 3791 2412 4.02 4.19 Overall (962) (1053) (0.85) (0.68) O True O False

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