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Statistics: West Buy vs. Village short-circuit

View Solution # 27231

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PROBLEM 8:
Who carries cheaper televisions West Buy or Village Short-Circuit? Test at .05 significance level

West Buy: Average price = $705.00; standard deviation = 150.0; n = 12
Village Short-Circuit: Average price = $665.00; standard deviation = 100.0; n = 18

Solution

The t-test for the two companies are conducted and the conclusion is arrived at.

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Price: $3.00

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