The selling prices (in $) for the deluxe and standard model Ryobi wood sanders a

Q: The selling prices (in $) for the deluxe and standard model Ryobi wood sanders a

from above test stat =5.2915 Deluxe - Standard>10 from z table : p vlaue =0.0000 from t table p vlaue =0.0004 deluxe standard difference(d) 31 20 11 44 33 11 38 25 13 42 31 11 41 28 13 35 24 11 42 29 13 45 32 13 mean 12.000 std deviaition 1.0690 std error= std dev/(n)^(1/2) 0.3780 t stat= (d-10)/std error 5.2915 p value = 0.0004

ID: 3182923 • Letter: T

Question

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 is more than $10 at a=0.01?

For the hypothesis stated above (in terms of Deluxe - Standard):
Question 1. What is the test statistic ______
Question 2. What is the conclusion? (TISETC or TINSETC) 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 < _______

Retail Store Deluxe Standard 31 6 35 24 42 29 sis stated above (in terms of Deluxe-Standard)

Explanation / Answer

from above

test stat =5.2915

Deluxe - Standard>10

from z table : p vlaue =0.0000

from t table p vlaue =0.0004

deluxe standard difference(d) 31 20 11 44 33 11 38 25 13 42 31 11 41 28 13 35 24 11 42 29 13 45 32 13 mean 12.000 std deviaition 1.0690 std error= std dev/(n)^(1/2) 0.3780 t stat= (d-10)/std error 5.2915 p value = 0.0004

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The selling prices (in $) for the deluxe and standard model Ryobi wood sanders a

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The selling prices (in $) for the deluxe and standard model Ryobi wood sanders a

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