Math Problem Statement

Share

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

Ask a new question for Free

By Image

Drop file here or Click Here to upload

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)