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Given below is the summary statistics for the cost of a drug purchased by patients from two different stores. Set up and implement a hypothesis test to determine whether on average there is a difference between the drug prices from the two stores. Assume p-value < 0.05, when Z-score is > 5. (assume paired test& actual mean under NULL condition is 0).       73 12.76 14.26

Given below is the summary statistics for the cost of a drug purchased by patients from two different stores. Set up and implement a hypothesis test to determine whether on average there is a difference between the drug prices from the two stores. Assume p-value < 0.05, when Z-score is > 5. (assume paired test& actual mean under NULL condition is 0).       73 12.76 14.26

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 1GP
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Given below is the summary statistics for the cost of a drug purchased by patients from two different stores. Set up and implement a hypothesis test to determine whether on average there is a difference between the drug prices from the two stores. Assume p-value < 0.05, when Z-score is > 5. (assume paired test& actual mean under NULL condition is 0).

     

73

12.76

14.26

Please find the attached screenshot for the appropriate table


HINT: This is an open-ended task- Design your question/questions, hypothesis/hypotheses, data exploration/imputation, Test to be carried out, Conclusion.

(e) Given below is the summary statistics for the cost of a drug purchased by patients from two different stores. Set up and implement a hypothesis test to determine whether on average there is a difference between the drug prices from the two stores. Assume p-value < 0.05, when Z-score is > 5. (assume paired test& actual mean under NULL condition is 0). naiff X diff Sdiff 12.76 14.26 73
Transcribed Image Text:(e) Given below is the summary statistics for the cost of a drug purchased by patients from two different stores. Set up and implement a hypothesis test to determine whether on average there is a difference between the drug prices from the two stores. Assume p-value < 0.05, when Z-score is > 5. (assume paired test& actual mean under NULL condition is 0). naiff X diff Sdiff 12.76 14.26 73
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