Math Problem Statement
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You said: Using the data provided in Table #9.2.5, do the data provide enough evidence to show that Catalina Offshore Products, a west coast fish wholesaler, is more expensive than All Fresh Seafood, an east coast fish wholesaler, for the specific fish types listed? Test at the 5% level.
plaintext Table #9.2.5: Wholesale Prices of Fish in Dollars All Fresh Catalina Offshore Fish Prices Prices Cod 19.99 17.95 Tilapi 6.00 13.95 Farmed Salmon 19.99 22.99 Organic Salmon 24.99 24.09 Grouper Fillet 29.99 19.09 Tuna 28.95 31.95 Swordfish 23.49 23.09 Sea Bass 32.95 23.99 Striped Bass 29.95 14.95
Solution
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Math Problem Analysis
Mathematical Concepts
Statistics
Hypothesis Testing
Paired t-test
Formulas
Paired t-test formula: t = (mean difference) / (standard deviation of differences / sqrt(n))
Significance level: alpha = 0.05
Theorems
Central Limit Theorem
T-distribution
Suitable Grade Level
Undergraduate (Statistics or Introductory Data Analysis)
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