Question: Using the data provided, determine if clients are willing to pay more than 26 per cake with a 95% confidence interval. Determine also if that
Using the data provided, determine if clients are willing to pay more than 26 per cake with a 95% confidence interval. Determine also if that remains true if charging more than 30 per cake. Perform a Cohen's d test to further understand the difference between the means of the price data (see the sheet named 'Part 3 - Revenues') and the survey data (see the sheet named 'Part 3 - Survey').
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