MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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The table lists wholesale prices of fish in dollars from two companies—one on the East Coast and one on the West Coast—for various fish types. The task is to find a 90% confidence interval for the mean difference in wholesale prices between these suppliers. You should round answers to three decimal places and use four decimal places for any interim calculations.

### Wholesale Prices of Fish in Dollars

| Fish           | East Coast | West Coast |
|----------------|------------|------------|
| Cod            | 18.49      | 19.49      |
| Tilapia        | 6.00       | 6.00       |
| Farmed Salmon  | 18.99      | 23.99      |
| Organic Salmon | 24.45      | 31.45      |
| Grouper Fillet | 30.49      | 28.49      |
| Tuna           | 29.15      | 36.15      |
| Swordfish      | 21.55      | 22.55      |
| Sea Bass       | 29.50      | 36.50      |
| Striped Bass   | 30.49      | 33.49      |

With a 90% confidence level, the task is to determine the true mean difference in wholesale prices between East Coast and West Coast suppliers, which lies between a specific dollar range.

### Explanation

- **Cod**: East Coast: $18.49, West Coast: $19.49
- **Tilapia**: East Coast: $6.00, West Coast: $6.00
- **Farmed Salmon**: East Coast: $18.99, West Coast: $23.99
- **Organic Salmon**: East Coast: $24.45, West Coast: $31.45
- **Grouper Fillet**: East Coast: $30.49, West Coast: $28.49
- **Tuna**: East Coast: $29.15, West Coast: $36.15
- **Swordfish**: East Coast: $21.55, West Coast: $22.55
- **Sea Bass**: East Coast: $29.50, West Coast: $36.50
- **Striped Bass**: East Coast: $30.49, West Coast: $33.49

The blank spaces indicate where students would calculate the confidence interval values
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Transcribed Image Text:The table lists wholesale prices of fish in dollars from two companies—one on the East Coast and one on the West Coast—for various fish types. The task is to find a 90% confidence interval for the mean difference in wholesale prices between these suppliers. You should round answers to three decimal places and use four decimal places for any interim calculations. ### Wholesale Prices of Fish in Dollars | Fish | East Coast | West Coast | |----------------|------------|------------| | Cod | 18.49 | 19.49 | | Tilapia | 6.00 | 6.00 | | Farmed Salmon | 18.99 | 23.99 | | Organic Salmon | 24.45 | 31.45 | | Grouper Fillet | 30.49 | 28.49 | | Tuna | 29.15 | 36.15 | | Swordfish | 21.55 | 22.55 | | Sea Bass | 29.50 | 36.50 | | Striped Bass | 30.49 | 33.49 | With a 90% confidence level, the task is to determine the true mean difference in wholesale prices between East Coast and West Coast suppliers, which lies between a specific dollar range. ### Explanation - **Cod**: East Coast: $18.49, West Coast: $19.49 - **Tilapia**: East Coast: $6.00, West Coast: $6.00 - **Farmed Salmon**: East Coast: $18.99, West Coast: $23.99 - **Organic Salmon**: East Coast: $24.45, West Coast: $31.45 - **Grouper Fillet**: East Coast: $30.49, West Coast: $28.49 - **Tuna**: East Coast: $29.15, West Coast: $36.15 - **Swordfish**: East Coast: $21.55, West Coast: $22.55 - **Sea Bass**: East Coast: $29.50, West Coast: $36.50 - **Striped Bass**: East Coast: $30.49, West Coast: $33.49 The blank spaces indicate where students would calculate the confidence interval values
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