A package goods supplier designed a new package (white) that it thought was more appealing than its
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Question:
A package goods supplier designed a new package ("white") that it thought was more appealing than its old package ("blue"). It conducted a 10-week trial of the two packages in selected "matched" stores with the results shown below (sales in thousands of dollars).
Week 1 | Blue | White |
1 | 8.4 | 9.2 |
2 | 4.9 | 5.3 |
3 | 3.3 | 3.1 |
4 | 6.9 | 7.6 |
5 | 9.3 | 9.2 |
6 | 8.7 | 9.2 |
7 | 5.3 | 5.7 |
8 | 3.4 | 4.4 |
9 | 6.9 | 7.8 |
10 | 7.9 | 8.5 |
1. The point estimate for the new "White" package is __________.
2. The point estimate for the old "blue" package is ____________.
3. The standard deviation for the "White" package is _________.
4. The standard deviation for the "Blue" package is __________.
5. The 95% prediction interval estimate for the new "White" package is, lower ___________, and higher ____________.
6. The 95% prediction interval estimate for the new "Blue" package is, lower __________, and higher ___________.
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