Sample summary sample ID and Sample Lp version A version B 25 25 n $790 12 $832 80 average $112 80 $86 46 stdev Assigned Lp xbar1 xbar2 pvalue t0 sample ID 14020 $790 12 $832 80 0 14020 1 5 59868 a) What is a suitable graphical display for the dataset give a reason for your answer Answer b) summarize your dataset with an appropriate graphical display and paste the graph below Answer c) comment on your graphical display Answer d)A company that has developed two versions of a laptop conducts market research to determine if there is a difference in the average amount people would pay for each version They present version A of the laptop to a group of 25 people (group 1) and ask How much would you pay for this laptop ' Similarly, they show version B to another group of 25 people (group 2) and ask them the same question Test the claim there is a difference between means using summary statistics and test statistict0 provided below xbar1 xbar2 s1 s2 t0 $790 12 $832 80 $112 80 $86 46 1 50 Answer

Question

Sample summary sample ID and Sample Lp  version A version B 25 25 n $790 12 $832 80 average $112 80 $86 46 stdev Assigned Lp xbar1 xbar2 pvalue t0 sample ID 14020 $790 12 $832 80 0 14020  1 5 59868 a) What is a suitable graphical display for the dataset give a reason for your answer Answer  b) summarize your dataset with an appropriate graphical display and paste the graph below Answer  c) comment on your graphical display Answer  d)A company that has developed two versions of a laptop conducts market research to determine if there is a difference in the average amount people would pay for each version  They present version A of the laptop to a group of 25 people (group 1) and ask  How much would you pay for this laptop '  Similarly, they show version B to another group of 25 people (group 2) and ask them the same question  Test the claim there is a difference between means using summary statistics and test statistict0 provided below  xbar1 xbar2 s1 s2 t0 $790 12 $832 80 $112 80 $86 46  1 50 Answer

SolutionInn · Accepted Answer

The Answer is in the image, click to view ...

a) What is a suitable graphical display for the dataset
give a reason for your answer Answer:
b) summarize your dataset with an appropriate graphical display and paste the graph below Answer:
c) comment on your graphical display Answer:
d)A company that has developed two versions of a laptop conducts market research to determine
if there is a difference in the average amount people would pay for each version.
They present version A of the laptop to a group of 25 people (group 1) and ask
"How much would you pay for this laptop?'"
Similarly, they show version B to another group of 25 people (group 2) and ask them the same question.

Test the claim there is a difference between means using summary statistics and test statistict0
provided below.
xbar1	xbar2	s1	s2	t0
$790.12	$832.80	$112.80	$86.46	-1.50

Question: Sample summary sample ID and Sample Lp version A version B 25 25 n $790.12 $832.80 average $112.80 $86.46 stdev Assigned Lp xbar1 xbar2 pvalue

Step by Step Solution

Students Have Also Explored These Related Mathematics Questions!

version A	version B
25	25	n
$790.12	$832.80	average
$112.80	$86.46	stdev

Assigned Lp	xbar1	xbar2	pvalue	t0	sample ID
14020	$790.12	$832.80	0.14020	-1.5	59868