WinCo Foods (µj)Walmart (µ,) WinCo Foods, a large discount grocery retailer in the Western United States, promotes itself as the lowest priced grocery retailer. In newspaper ads WinCo Foods published a price comparison for products between WinCo and several competing grocery retailers. One of the retailers compared against WinCo was Walmart, also known as a low price competitor. WinCo selected a variety of products, listed the price of the product charges at each retailer, and showed the sales receipt to prove the prices at WinCo were the lowest in the area. A sample of the products and their price comparison at both WinCo and Walmart are shown on the left. Do the prices listed indicate that, on average, prices at WinCo are lower than prices at Walmart? Use 5% significance level. $0.42 $0.48 $0.58 $0.98 $0.98 $1.48 $0.98 $2.67 Solve this question using Excel. State the null & alternative hypotheses clearly. Interpret the Excel output and state your conclusion clearly. Provide all your results and comments on this sheet. Specifically, type in your answers in the spaces provided below: $1.18 $1.78 $3.83 $4.11 Please watch the videos (in Excel Lab 2.2a and Excel Lab 2.2b) related to hypothesis testing with two samples prior to attempting this question. $3.48 $4.12 Are the samples related (i.e. dependent) or independent? $0.88 $0.88 $0.88 $1.06 Null Hypothesis: $12.68 $1.98 $5.98 $11.84 Alternative Hypothesis: $2.74 $5.48 $1.98 Interpretation of Excel output (Conclusion of Hypothesis test): $1.58 $2.28 $2.78
WinCo Foods (µj)Walmart (µ,) WinCo Foods, a large discount grocery retailer in the Western United States, promotes itself as the lowest priced grocery retailer. In newspaper ads WinCo Foods published a price comparison for products between WinCo and several competing grocery retailers. One of the retailers compared against WinCo was Walmart, also known as a low price competitor. WinCo selected a variety of products, listed the price of the product charges at each retailer, and showed the sales receipt to prove the prices at WinCo were the lowest in the area. A sample of the products and their price comparison at both WinCo and Walmart are shown on the left. Do the prices listed indicate that, on average, prices at WinCo are lower than prices at Walmart? Use 5% significance level. $0.42 $0.48 $0.58 $0.98 $0.98 $1.48 $0.98 $2.67 Solve this question using Excel. State the null & alternative hypotheses clearly. Interpret the Excel output and state your conclusion clearly. Provide all your results and comments on this sheet. Specifically, type in your answers in the spaces provided below: $1.18 $1.78 $3.83 $4.11 Please watch the videos (in Excel Lab 2.2a and Excel Lab 2.2b) related to hypothesis testing with two samples prior to attempting this question. $3.48 $4.12 Are the samples related (i.e. dependent) or independent? $0.88 $0.88 $0.88 $1.06 Null Hypothesis: $12.68 $1.98 $5.98 $11.84 Alternative Hypothesis: $2.74 $5.48 $1.98 Interpretation of Excel output (Conclusion of Hypothesis test): $1.58 $2.28 $2.78
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 13CYU
Related questions
Concept explainers
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
Topic Video
Question
I need help with this statistics question in excel. I understand that the word questions can't be helped. I would greatly appreciate any help with that statistics math in excel.
Transcribed Image Text:Clipboard
Alignment
Styles
| Analysis
Sensitivity
Font
Number
Cells
Editing
Об
fr
В
E
G
H
K
M
$0.78
$2.18
$2.27
$5.98
$2.38
$0.68
$0.78
$1.18
$2.54
$1.68
$1.28
$3.28
$0.88
$1.98
$1.18
$0.78
$2.58
$2.27
$7.56
$2.42
$0.73
$1.23
$1.36
$1.92
$1.98
$1.38
$4.23
$1.12
$1.68
$1.26
16
Business Implications:
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
Transcribed Image Text:H.
1 WinCo Foods (u,)Walmart (u,) WinCo Foods, a large discount grocery retailer in the Western United States, promotes itself as the
lowest priced grocery retailer. In newspaper ads WinCo Foods published a price comparison for
products between WinCo and several competing grocery retailers. One of the retailers compared
against WinCo was Walmart, also known as a low price competitor. WinCo selected a variety of
products, listed the price of the product charges at each retailer, and showed the sales receipt to
prove the prices at WinCo were the lowest in the area. A sample of the products and their price
comparison at both WinCo and Walmart are shown on the left. Do the prices listed indicate that, on
average, prices at WinCo are lower than prices at Walmart? Use 5% significance level.
$0.42
$0.48
$0.58
$0.98
3
$0.98
$1.48
4
$0.98
$2.67
5
Solve this question using Excel. State the null & alternative hypotheses clearly. Interpret the Excel
output and state your conclusion clearly. Provide all your results and comments on this sheet.
Specifically, type in your answers in the spaces provided below:
$1.18
$1.78
$3.83
$4.11
7
Please watch the videos (in Excel Lab 2.2a and Excel Lab 2.2b) related to hypothesis testing with two
samples prior to attempting this question.
$3.48
$4.12
8
Are the samples related (i.e. dependent) or independent?
$0.88
$0.88
9
$0.88
$1.06
Null Hypothesis:
10
$12.68
$11.84
11
Alternative Hypothesis:
$1.98
$5.98
$1.58
$2.28
$2.74
$5.48
$1.98
$2.78
12
13
Interpretation of Excel output (Conclusion of Hypothesis test):
14
15
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt