Twelve homemakers were asked to estimate the retail selling price of two models of refrigerators. Suppose their estimates of selling price are shown in the following table. Homemaker 1 2 3 4 5 6 7 8 9 10 11 12 Model 1 ($) 840 950 930 900 Find the value of the test statistic. T+ = 800 820 910 880 1,100 690 810 930 Model 2 ($) 1,130 930 840 1,090 1,160 990 1,090 1,140 1,200 870 890 880 Use these data and test at the 0.05 level of significance to determine whether there is a difference between the two models in terms of homemakers' perceptions of selling price. State the null and alternative hypotheses. O Ho: Median price for model 1 - Median price for model 2 20 H₂: Median price for model 1 - Median price for model 2 < 0 O Ho: Median price for model 1 - Median price for model 2 + 0 H₂: Median price for model 1 - Median price for model 2 = 0 O Ho: Median price for model 1 - Median price for model 2 = 0 H₂: Median price for model 1 - Median price for model 2 #0 O Ho: Median price for model 1 - Median price for model 2 < 0 H₂: Median price for model 1 - Median price for model 2 = 0 O Ho: Median price for model 1 - Median price for model 2 ≤ 0 H₂: Median price for model 1 - Median price for model 2 > 0 Find the p-value. (Round your answer to four decimal places.) p-value = State your conclusion. O Do not reject Ho. There is sufficient evidence to conclude that there is a significant difference between the two models in terms of homemakers' perceptions of selling price. O Do not reject Ho. There is not sufficient evidence to conclude that there is a significant difference between the two models in terms of homemakers' perceptions of selling price. O Reject Ho. There is not sufficient evidence to conclude that there is a significant difference between the two models in terms of homemakers' perceptions of selling price. ● Reject Ho. There is sufficient evidence to conclude that there is a significant difference between the two models in terms of homemakers' perceptions of selling price.

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Twelve homemakers were asked to stimate the retail selling price of two models of refrigerators. Suppose their estimates or selling
price are shown in the following table.
Homemaker
1
2
3
4
5
6
7
8
9
10
11
12
Model 1 ($)
840
950
930
900
Find the value of the test statistic.
7+
T+ =
800
820
910
880
1,100
690
810
930
Model 2 ($)
1,130
930
840
1,090
1,160
990
1,090
1,140
1,200
870
890
880
Use these data and test at the 0.05 level of significance to determine whether there is a difference between the two models in terms
of homemakers' perceptions of selling price.
State the null and alternative hypotheses.
O Ho: Median price for model 1 - Median price for model 2 ≥ 0
H₂: Median price for model 1 - Median price for model 2 < 0
O Ho: Median price for model 1 - Median price for model 2 + 0
H₂: Median price for model 1 - Median price for model 2 = 0
O Ho: Median price for model 1 - Median price for model 2 = 0
H₂: Median price for model 1 - Median price for model 2 + 0
O Ho: Median price for model 1 - Median price for model 2 <0
H₂: Median price for model 1 - Median price for model 2 = 0
Ho: Median price for model 1 - Median price for model 2 ≤ 0
H₂: Median price for model 1 - Median price for model 2 > 0
Find the p-value. (Round your answer to four decimal places.)
p-value =
State your conclusion.
O Do not reject Ho. There is sufficient evidence to conclude that there is a significant difference between the two models in
terms of homemakers' perceptions of selling price.
O Do not reject Ho. There is not sufficient evidence to conclude that there is a significant difference between the two models
in terms of homemakers' perceptions of selling price.
O Reject Ho. There is not sufficient evidence to conclude that there is a significant difference between the two models in
terms of homemakers' perceptions of selling price.
● Reject Ho. There is sufficient evidence to conclude that there is a significant difference between the two models in terms of
homemakers' perceptions of selling price.
Transcribed Image Text:Twelve homemakers were asked to stimate the retail selling price of two models of refrigerators. Suppose their estimates or selling price are shown in the following table. Homemaker 1 2 3 4 5 6 7 8 9 10 11 12 Model 1 ($) 840 950 930 900 Find the value of the test statistic. 7+ T+ = 800 820 910 880 1,100 690 810 930 Model 2 ($) 1,130 930 840 1,090 1,160 990 1,090 1,140 1,200 870 890 880 Use these data and test at the 0.05 level of significance to determine whether there is a difference between the two models in terms of homemakers' perceptions of selling price. State the null and alternative hypotheses. O Ho: Median price for model 1 - Median price for model 2 ≥ 0 H₂: Median price for model 1 - Median price for model 2 < 0 O Ho: Median price for model 1 - Median price for model 2 + 0 H₂: Median price for model 1 - Median price for model 2 = 0 O Ho: Median price for model 1 - Median price for model 2 = 0 H₂: Median price for model 1 - Median price for model 2 + 0 O Ho: Median price for model 1 - Median price for model 2 <0 H₂: Median price for model 1 - Median price for model 2 = 0 Ho: Median price for model 1 - Median price for model 2 ≤ 0 H₂: Median price for model 1 - Median price for model 2 > 0 Find the p-value. (Round your answer to four decimal places.) p-value = State your conclusion. O Do not reject Ho. There is sufficient evidence to conclude that there is a significant difference between the two models in terms of homemakers' perceptions of selling price. O Do not reject Ho. There is not sufficient evidence to conclude that there is a significant difference between the two models in terms of homemakers' perceptions of selling price. O Reject Ho. There is not sufficient evidence to conclude that there is a significant difference between the two models in terms of homemakers' perceptions of selling price. ● Reject Ho. There is sufficient evidence to conclude that there is a significant difference between the two models in terms of homemakers' perceptions of selling price.
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