Are name brand groceries more expensive than store brand groceries? The following table shows the prices of 6 commonly purchased items.
| Item | Paper Towels | Shampoo | Cereal | Ice Cream | Peanut Butter | Milk |
| Name Brand | $1.29 | $4.69 | $3.59 | $3.49 | $2.79 | $2.99 |
| Store Brand | $1.29 | $3.99 | $3.39 | $2.69 | $2.39 | $3.49 |
| Difference | 0 | .70 | .20 | .80 | .40 | -.50 |
1. What is the Null Hypothesis?
2. Using the Dependent Samples t-test, what is the p-value rounded to 3 decimal places?
3. Would you reject the null hypothesis at α=.10?

Are name brand groceries more expensive than store brand groceries? The following table shows the prices...
Here are some prices for randomly selected grocery items from the grocery store: Items Prices: Cheese $3.29 Butter $4.99 Eggs $3.49 Yogurt $3.49 Juice $3.89 Tea $3.69 Chips $3.99 Soda $1.99 Pastry $2.99 Cerrial $4.99 Oats $3.29 Almond Milk $2.79 Almonds $4.39 Popcorn $3.29 Crackers $3.59 Ice Cream $6.99 Cookies $2.99 Jam $3.69 Peanut Butter $3.29 Coffee $3.19 Green Tea $4.99 BBQ Sauce $2.99 Oil $6.69 Mayonnaise $4.59 Mustard $2.99 1. Compute the sample mean x and the sample standard...
Comparing Grocery Prices Consumer groups often analyze store prices and compare the price of similar items in different stores. They share this information with other consumers or customers. Imagine that a consumer group suspects that there is a difference in prices between two grocery stores (Store A and Store B). To investigate, the consumer group identifies the prices of six identical items at Stores A and B. Since prices change over time, the consumer group gathers all data on a...
The median wage for economics degree holders is determined by the following equation: log( wage) = Be + B educ + B, exper+ B temure + B.age+ B married + u where educ is the level of education measured in years, exper is the job-market experience in years, tenure is the time spend with the current company in years, age is the age in years and married is a dummy variable indicating if a person is married. 935 reg Iwage...
1. Two manufacturing processes are being compared to try to reduce the number of defective products made. During 8 shifts for each process, the following results were observed: Line A Line B n 181 | 187 Based on a 5% significance level, did line B have a larger average than line A? *Use the tables I gave you in the handouts for the critical values *Use the appropriate test statistic value, NOT the p-value method *Use and show the 5...