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Twelve homemakers were asked to estimate the retail selling price of two models of refrigerators. Their estimates of selling price are shown in table 11.

Twelve homemakers were asked to estimate the retail selling price of two models of refrigerators. Their estimates of selling price are shown in table 11.

Use these data and test at the .05 level of significance to determine whether there is a difference between the two models in terms of home-makers' perceptions of selling price. In your answer formulate the hypothesis and justify choice of the type of the test.

Table 11

Estimates of the Retail Price of Two Models of Refrigerators (in USD)

Homemaker Model 1 Model 2
1 850 1100
2 960 920
3 940 890
4 900 1050
5 790 1120
6 820 1000
7 900 1090
8 890 1120
9 1100 1200
10 700 890
11 810 900
12 920 900

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