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# I need some help with this business statistics problem. thanks ATTACHMENT PREVIEW Download attachment Screen Shot 2019-04-06 at 7.49.07 AM.png A manufacturer produces both a deluxe and a standard model of an automatic sander designed for home use. Selling prices obtained from a sample of retail outlets follow. Model Price (\$) Model Price (\$) Retail Outlet Deluxe Standard Retail Outlet Deluxe Standard H 39 27 5 40 30 39 29 6 39 35 m 46 35 35 29 38 31 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. Develop the null and alternative hypotheses, Ho = / d equal to 10 H a = / d not equal to 10 Calculate the value of the test statistic. If required enter negative values as negative numbers. (to 2 decimals). -1.16 The p-value is | between .20 and .40 Can you conclude that the price differential is not equal to \$10? No b. What is the 95% confidence interval for the difference between the mean prices of the two models (to 2 decimals)? Use a t-table. 6.44 11.28

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