Question: 14. Store Brands Save You $ Ron Marks10 visited five supermarket chains in New York and New Jersey and compared store- and name-brand prices for

14. Store Brands Save You $ Ron Marks10 visited five supermarket chains in New York and New Jersey and compared store- and name-brand prices for 30 items listed below

Name Store Difference Product Aluminum foil Baked beans Brand ($) Brand ($)

a. Use the sign test to determine whether or not storebrand items cost less than their name-brand counterparts using a 5.01.

b. Use the Wilcoxon signed-rank test to determine if store-brand items cost less than their name-brand counterparts using a 5.01.

c. Use the paired t-test to determine if the average cost of store-brand items is less than the average cost of their name-brand counterparts using a 5.01.

d. Are the conclusions the same for all three tests?
Would you expect them to be? Why or why not?

Name Store Difference Product Aluminum foil Baked beans Brand ($) Brand ($) ($) 8.47 6.54 1.93 1.71 1.06 0.65 Bread crumbs 2.03 1.22 0.81 Butter quarters 4.03 3.03 1.00 Canned orange segments 2.07 1.22 0.85 Canola oil 4.28 3.34 0.94 Chocolate-flavored syrup 4.13 3.22 0.91 Cotton swabs 3.53 1.98 1.55 Cranberry juice cocktail 2.82 2.42 0.40. Cream cheese 2.05 1.35 0.70 Creamy peanut butter 2.85 2.05 0.80 Crescent rolls 2.71 1.98 0.73 Dry pasta 1.24 .87 0.37 Dry-roasted peanuts 3.53 2.79 0.74 Granulated sugar 4.14 2.65 1.49 Grape Jelly 2.47 1.65 0.82 Ground black pepper 2.04 1.74 0.30 Half & Half (quart) 3.24 2.57 0.67 Pancake mix 2.84 1.88 0.96 Pancake syrup 3.45 2.25 1.20 Pretzel twists 2.91 1.41 1.50 Quick rice 2.55 1.97 0.58 Raisin bran cereal 3.65 2.63 1.02 Salad dressing 2.55 2.02 0.53 Shredded mozzarella 3.29 2.33 0.96 Sour cream 2.20 1.33 0.87 Spicy brown mustard 2.77 1.86 0.91 Steak sauce 4.05 2.21 1.84 Sugar substitute 2.70 2.11 0.59 Zippered sandwich bags 2.55 1.99 0.56

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