A Wine Magazine Wants to Know If Chefs Can Tell

question 72

Multiple Choice

A wine magazine wants to know if chefs can tell the difference between duck liver pâté and wet dog food.Eighteen chefs were asked to rate both the pâté and dog food on a scale from 1 to 5,with 1 corresponding to "inedible" and 5 to "very tasty." The results are shown in the following table. Assuming has the standard normal distribution,the p-value for the test is _________________.

• A) less than 0.01
• B) between 0.01 and 0.05
• C) between 0.05 and 0.10
• D) greater than 0.10

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Definitions:

Subsidized Payoffs

Financial benefits provided, often by a government, to support or encourage certain activities or reduce associated costs.

English Auction

A bidding process where the price of the item for sale ascends with each bid, and the highest bid at the auction's close wins.

Reservation Price

Maximum price that a customer is willing to pay for a good.

Bargaining Power

The ability of a party (individual, group, company) to exert influence over the terms and conditions of an agreement or negotiation.