Mathematics, 19.06.2020 03:57, reyrey216
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 ($) Model Price ($) Retail Outlet Deluxe Standard Retail Outlet Deluxe Standard 1 39 27 5 40 30 2 39 29 6 39 35 3 46 35 7 35 29 4 38 31 The manufacturer's suggested retail prices for the two models show a $10 price differential. Use a .05 level of significance and test that the mean difference between the prices of the two models is $10. a. Calculate the value of the test statistic (to 2 decimals). b. What is the 95% confidence interval for the difference between the mean prices of the two models (to 2 decimals)?
Answers: 3
Mathematics, 21.06.2019 18:00, coolkid20034
Need on this geometry question. explain how you did it.
Answers: 1
Mathematics, 21.06.2019 20:20, bbyjoker
Recall that the owner of a local health food store recently started a new ad campaign to attract more business and wants to know if average daily sales have increased. historically average daily sales were approximately $2,700. the upper bound of the 95% range of likely sample means for this one-sided test is approximately $2,843.44. if the owner took a random sample of forty-five days and found that daily average sales were now $2,984, what can she conclude at the 95% confidence level?
Answers: 1
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