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We Are Interested in Comparing the Average Supermarket Prices of Two

question 53

Multiple Choice

We are interested in comparing the average supermarket prices of two leading colas. Our sample was taken by randomly selecting eight supermarkets and recording the price of a six-pack of each brand of cola at each supermarket. The data are shown in the following table:  Price  Supermarket  Brand 1  Brand 2  Difference 1$2.25$2.30$0.0522.472.450.0232.382.440.0642.272.290.0252.152.250.1062.252.250.0072.362.420.0682.372.400.03x1=2.3125x2=2.3500 d=0.0375 s1=0.1007 s2=0.0859 sd=0.0381\begin{array}{l}\begin{array} { c | c c | c } &\text { Price }\\\text { Supermarket } & \text { Brand 1 } & \text { Brand 2 } & \text { Difference } \\\hline 1 & \$ 2.25 & \$ 2.30 & \$ - 0.05 \\2 & 2.47 & 2.45 & 0.02 \\3 & 2.38 & 2.44 & - 0.06 \\4 & 2.27 & 2.29 & - 0.02 \\5 & 2.15 & 2.25 & - 0.10 \\6 & 2.25 & 2.25 & 0.00 \\7 & 2.36 & 2.42 & - 0.06 \\8 & 2.37 & 2.40 & - 0.03 \\\hline & \mathrm { x } _ { 1 } = 2.3125 & \mathrm { x } _ { 2 } = 2.3500 & \mathrm {~d} = - 0.0375 \\& \mathrm {~s} _ { 1 } = 0.1007 & \mathrm {~s} _ { 2 } = 0.0859 & \mathrm {~s} _ { \mathrm { d } } = 0.0381\end{array}\end{array} Find a 98% confidence interval for the difference in mean price of brand 1 and brand 2.

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Definitions:

Culture

In the context of an organization, culture refers to the shared values, beliefs, norms, and practices that shape the behavior and interaction of its members.

Goal Attainment

The achievement of objectives or targets through specific actions or strategies.

Organizational Conflict

Disagreements or disputes between individuals or groups within an organization, often arising from differences in opinions, values, or interests.

Intergroup Bias

The tendency to favor one's own group over other groups, often resulting in prejudice and discrimination.

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