Question

Elite Foods, a supermarket, is losing customers and suspects it’s because another neighborhood market has lower prices. To determine whether this is the case, researchers from Elite Foods take a random sample of ten items from their store and compare their prices to prices for the same items at the other store. Compute a 95% confidence interval for the true mean difference in prices between the two stores. (Do full write-up)Item1 2 3 4 5 6 7 8 9 10 Elite Foods 1.65 2.19 1.99 3.49 .99 1.59 2.89 4.50 1.19 1.99Other store1.49 2.00 2.09 2.99 .99 1.79 2.39 4.25 .99 1.79

Answer 1