Mathematics, 11.02.2020 01:13 blondie02
Price Comparison of Smoothie Blenders. 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:
Retail Outlet
Model Price
Deluxe
Standard
1
39
27
2
39
28
3
45
35
4
38
30
5
40
30
6
39
34
7
35
29
The manufacturer’s suggested retail prices for the two models show a $10 price differential. Use a .05 level of significance and test the mean difference between the prices of the two models is $10.
What is the 95% confidence interval for the difference between the mean prices of the two models?
Answers: 3
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Price Comparison of Smoothie Blenders. A personal fitness company produces both a deluxe and a stand...
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