A personal fitness company produces both a deluxe and a standard model of a smoothie blender for home use. Selling prices obtained from a sample of retail outlets follow.Model Price ($)RetailOutletDeluxeStandard1392723828344364383054030393573429(a) The manufacturer's suggested retail prices for the two models show a $10 price differential. Use a 0.05 level of significance and test that the mean difference between the prices of the two modelsis $10.State the null and alternative hypotheses. (Use ud= mean price for the deluxe modelmean price for the standard model.)Ho: Ha+ 10Ha: Hd10Hoi Hd>Ha: Hd> 10< 10Hoi Hd= 10Ha: Ha + 1010%3DHa: Hgs 10Ho: Ha s 10Ha: Ha > 10Calculate the value of the test statistic. (Round your answer to three decimal places.) Calculate the p-value. (Round your answer to four decimal places.)p-value%3DState your conclusion.Do not Reject Ho. There is sufficient evidence to conclude that a $10 price differential exists.Reject Ho. There is insufficient evidence to conclude that a $10 price differential exists.Reject Ho.There is sufficient evidence to conclude that a $10 price differential exists.Do not reject Ho. There is insufficient evidence to conclude that a $10 price differential exists.(b) What is the 95% confidence interval for the difference between the mean prices of the two models (in dollars)? (Round your answers to nearest cent. Usethe mean price for the deluxe modelthe mean price for the standard model.)$to $

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Description: A personal fitness company produces both a deluxe and a standard model of a smoothie blender for home use. Selling prices obtained from a sample of retail outlets follow.Model Price ($)RetailOutletDeluxeStandard1392723828344364383054030393573429(a)

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Outlet Deluxe Standard 1 39 27 38 28 44 36 4 38 30 40 30 6 39 35 7 34 29 (a) The manufacturer's suggested retail prices for the two models show a $10 price differential. Use a 0.05 level of sig is $10. State the null and alternative hypotheses. (Use Ha = mean price for the deluxe model – mean price for the standa O Ho: Hg# 10 Hai Hd = 10 Ho: Hg> 10 Hoi Hgs 10 Ho: Hg = 10 Ha: Ho* 10 O Ho: Ha = 10 H: Ha s 10 O H.: u.< 10 2.

Outlet Deluxe Standard 1 39 27 38 28 44 36 4 38 30 40 30 6 39 35 7 34 29 (a) The manufacturer's suggested retail prices for the two models show a $10 price differential. Use a 0.05 level of sig is $10. State the null and alternative hypotheses. (Use Ha = mean price for the deluxe model – mean price for the standa O Ho: Hg# 10 Hai Hd = 10 Ho: Hg> 10 Hoi Hgs 10 Ho: Hg = 10 Ha: Ho* 10 O Ho: Ha = 10 H: Ha s 10 O H.: u.< 10 2.

Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015

1st Edition

ISBN:9781680331141

Author:HOUGHTON MIFFLIN HARCOURT

Publisher:HOUGHTON MIFFLIN HARCOURT

Chapter4: Writing Linear Equations

Section: Chapter Questions

Problem 11CT

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