Researchers in the corporate office of an airline wonder if there is a significa

Question

Researchers in the corporate office of an airline wonder if there is a significant difference between the cost of a flight on Priceline.com vs. the airline's own website. A random sample of 28 flights were tracked on Priceline and the airline's website and the 99% confidence interval for the mean difference in price (Priceline - Airline Site) was (27.48, 111.94). Which of the following is the appropriate conclusion? Question 13 options: 1) We are 99% confident that the average difference in price is negative, with the higher price coming from Priceline. 2) We are 99% confident that the average difference in price is positive, with the higher price coming from the Airline sites 3) We are 99% confident that the average difference in price is negative, with the higher price coming from the Airline sites 4) There is no significant difference between the average price for the booking options 5) We are 99% confident that the average difference in price is positive, with the higher price coming from Priceline.

Explanation / Answer

here as above interval is all postive and cause differnce is (Priceline - Airline Site) whcih indicate that Priceline have higher price therfore option 5 is correct

We are 99% confident that the average difference in price is positive, with the higher price coming from Priceline.

Related Questions

Navigate

• Browse (All)
• Browse R
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.