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Please describe in detail how to calculate the p-value on excel for this problem You may need to use the appropriate technology to answer this

Please describe in detail how to calculate the p-value on excel for this problem

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You may need to use the appropriate technology to answer this question. A 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 ($) (a) The manufacturer's suggested retail prices for the two models show a $10 price differential. Use a 0.05 level of significanct and test that the mean difference between the prices of the two models is $10. State the null and alternative hypotheses. (Use pd = mean price for the deluxe model mean price for the standard model.) Calculate the value of the test statistic. (Round your answer to three decimal places.) Calculate the p-value. (Round your answer to four decimal places.) p-value = 0.0959 x State your conclusion. Q Do not reject Ho. There is insufficient evidence to conclude that a $10 price differential exists. 0 Do not Reject \"0' There Is sufficient evidence to conclude that a $10 price differential exists. 0 Reject H0. There is sufcient evidence to conclude that a $10 price differential exists. 0 Reject Ho. There is insufcient evidence to conclude that a $10 price differential exists

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