A personal fitness company produces both a deluxe and a standard model of a smoothie blender for

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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.

a. The manufacturer’s suggested retail prices for the two models show a $10 price differential. Use a .05 level of significance and test that the mean difference between the prices of the two models is $10.
b. What is the 95% confidence interval for the difference between the mean prices of the two models?

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Essentials Of Modern Business Statistics With Microsoft Excel

ISBN: 9780357131626

8th Edition

Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran

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