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The selling prices (in $) for the deluxe and standard model Ryobi wood sanders are shown for a sample of eight retail stores. Does the
The selling prices (in $) for the deluxe and standard model Ryobi wood sanders are shown for a sample of eight retail stores. Does the data suggest the difference in average selling price of these Ryobi models is more than $10 at .01?
Retail Store | Deluxe | Standard |
1 | 36 | 23 |
2 | 40 | 27 |
3 | 42 | 31 |
4 | 45 | 32 |
5 | 40 | 28 |
6 | 40 | 27 |
7 | 44 | 31 |
8 | 45 | 35 |
For the hypothesis stated above (in terms of Deluxe Standard): | |||||
Question 1 | What is the test statistic? | ||||
Question 2 | What is the conclusion?-there is significant evidence to conclude or there is not significant evidence to conclude. | Deluxe - Standard | <,>,or = | ||
Question 3 | What is the p-value? Fill in only one of the following statements. | ||||
If the Z table is appropriate, | p-value | = | |||
If the t table is appropriate, | < | p-value | < |
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