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Sample summary sample ID and Sample Lp version A version B 25 25 n $790.12 $832.80 average $112.80 $86.46 stdev Assigned Lp xbar1 xbar2 pvalue
"Sample summary sample ID and Sample Lp"
version A | version B | |
25 | 25 | n |
$790.12 | $832.80 | average |
$112.80 | $86.46 | stdev |
Assigned Lp | xbar1 | xbar2 | pvalue | t0 | sample ID |
14020 | $790.12 | $832.80 | 0.14020 | -1.5 | 59868 |
a) What is a suitable graphical display for the dataset | ||||||||||
give a reason for your answer Answer: | ||||||||||
b) summarize your dataset with an appropriate graphical display and paste the graph below Answer: | ||||||||||
c) comment on your graphical display Answer: | ||||||||||
d)A company that has developed two versions of a laptop conducts market research to determine | ||||||||||
if there is a difference in the average amount people would pay for each version. | ||||||||||
They present version A of the laptop to a group of 25 people (group 1) and ask | ||||||||||
"How much would you pay for this laptop?'" | ||||||||||
Similarly, they show version B to another group of 25 people (group 2) and ask them the same question. | ||||||||||
Test the claim there is a difference between means using summary statistics and test statistict0 | ||||||||||
provided below. | ||||||||||
xbar1 | xbar2 | s1 | s2 | t0 | ||||||
$790.12 | $832.80 | $112.80 | $86.46 | -1.50 | ||||||
Answer:
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