Based on the data in the table and using a significance level of 0.05, what is the correct P- alue and conclusion!

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.6: Exponential And Logarithmic Equations
Problem 67E
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A business ana

A business analyst wants to determine if the prices of goods at a supermarket have changed
significantly since the new owner of the company took over. She looks at the prices of ten
items before the new owner took over compared to after the new owner started.
Item Before Price After Price
1
2
3
4
5
6
7
8
10
CAS
70405
$3.45
$3.50
$2.89
$7.12
$5.24
$4.60
$2.80
$3.14
$7.01
$3.54
$2.95
$3.70
SS.88
$5.20
Difference
(After - Before)
$0.30
-$0.31
$0.26
$0.04
$0.06
$0.14
-80.09
-$0.02
-$0.04
$0.07.
Based on the data in the table and using a significance level of 0.05, what is the correct P-
Malice and conclusion?
Transcribed Image Text:A business analyst wants to determine if the prices of goods at a supermarket have changed significantly since the new owner of the company took over. She looks at the prices of ten items before the new owner took over compared to after the new owner started. Item Before Price After Price 1 2 3 4 5 6 7 8 10 CAS 70405 $3.45 $3.50 $2.89 $7.12 $5.24 $4.60 $2.80 $3.14 $7.01 $3.54 $2.95 $3.70 SS.88 $5.20 Difference (After - Before) $0.30 -$0.31 $0.26 $0.04 $0.06 $0.14 -80.09 -$0.02 -$0.04 $0.07. Based on the data in the table and using a significance level of 0.05, what is the correct P- Malice and conclusion?
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