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You may need to use the appropriate technology to answer this question. A personal fitness company produces both a deluxe and a standard model
You may need to use the appropriate technology to answer this question. A personal fitness company produces both a deluxe and a standard model of a smoothie blender for home use. Selling prices obtained from a sample of retail outlets follow. Retail Outlet Model Price (S) Deluxe Standard (a) The manufacturer's suggested retail prices for the two models show a $10 price differential. Use a 0.05 level of significance and test that the mean difference between the prices of the two models is $10. State the null and alternative hypotheses. (use g d = mean price for the deluxe model mean price for the standard model.) O H: g" 10 10 H : 10 O O: 10 H : % = 10 @ Ho: H : g 10 > 10 H : gas 10 Calculate the value of the test statistic. (Round pour answer to three decimal places.) Calculate the p-value. (Round your answer to four decimal places.) p-value
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