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home/study/questions and answers/math/statistics and probability/ a manufacturer produces both a deluxe and a standard ... Question A manufacturer produces both a deluxe and a standard
home/study/questions and answers/math/statistics and probability/ a manufacturer produces both a deluxe and a standard ...
QuestionA manufacturer produces both a deluxe and a standard model of an automatic sander designed for home use. Selling prices obtained from a sample of retail outlets follow.
Model Price ($) | Model Price ($) | ||||
Retail Outlet | Deluxe | Standard | Retail Outlet | Deluxe | Standard |
1 | 41 | 27 | 5 | 40 | 30 |
2 | 39 | 30 | 6 | 39 | 34 |
3 | 44 | 35 | 7 | 35 | 29 |
4 | 38 | 30 |
What is the 95% confidence interval for the difference between the mean prices of the two models (to 2 decimals)?
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