Question: Is there a difference in the prices at a warehouse club such as Costco and store brands? To investigate this, a random sample of 10
a. At the 0.05 level of significance, is there evidence of a difference between the mean price of Costco purchases and store-brand purchases?
b. What assumption is necessary about the population distribution in order to perform this test?
c. Construct a 95% confidence interval estimate of the mean difference in price between Costco and store brands. Interpret the interval.
d. Compare the results of (a) and (c).
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