Mathematics, 19.04.2020 05:48 jjtfeb11
A business analyst wants to determine if the prices of goods at a supermarket have changed significantly since the new owner of the company took over. She looks at the prices of ten items before the new owner took over compared to after the new owner started. Based on the data in the table and using a significance level of 0.05, what is the correct P-value and conclusion?
A.) With a t-statistic of 1.4789 and P-value of 0.173292, reject the null hypothesis that prices have not changed.
B.) With a t-statistic of 1.4789 and P-value of 0.173292, fail to reject the null hypothesis that prices have not changed.
C.) With a t-statistic of 0.7394 and P-value 0.478505, reject the null hypothesis that prices have not changed.
D.) With a t-statistic of 0.7394 and P-value 0.478505, fail to reject the null hypothesis that prices have not changed.
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A business analyst wants to determine if the prices of goods at a supermarket have changed significa...
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