20. The NBA Finals Want to attend a pro-basketball game? The average resale prices for the NBA...
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20. The NBA Finals Want to attend a pro-basketball game? The average resale prices for the NBA rematch of the Cleveland Cavaliers and the Golden State Warriors in 2017 compared to the average ticket prices in 2016 are given in the table that follows
a. If we were to assume that the prices given in the table have been randomly selected, test for a significant difference between the 2016 and the 2017 prices using a = .01.
b. Find a 99% confidence interval for the mean difference md = m2016 − m2017. Does this estimate confirm the results in part a?
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Related Book For
Introduction To Probability And Statistics
ISBN: 9780357114469
15th Edition
Authors: William Mendenhall Iii , Robert Beaver , Barbara Beaver
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