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Tool Prices Comparison Narrative
A consumer was interested in determining whether there is a significant difference in the price charged for tools by three hardware stores. The consumer selected five tools and recorded the price for each tool in each store. The following data was recorded:
Tools
-Refer to Tool Prices Comparison Narrative. Use the p-value approach to determine whether there is a significant difference in the price of tools. What does this tell you about the appropriateness of the experimental design? Explain your reasoning.
Right Thing
The morally good or correct course of action in a given situation.
Single Explanation
A theory or answer that accounts for a phenomenon or occurrence with one overriding cause or rationale.
Human Act
Actions performed by humans which are the result of deliberate decisions.
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