Determine the test value, Mauricio Cruz, a wine merchant

Determine the test value

Assignment Help Basic Statistics

Reference no: EM1321672

Mauricio Cruz, a wine merchant for Cruz's Spirits Emporium, wants to determine if the average price of imported wine is less than the average price of domestic wine. The data obtained is shown in the table below.

	Imported Wine	Domestic Wine
X	7.03	9.78
S	2.31	3.62
n	15	16

What is the test value? Use a = 0.05. (Use the variances unequal formula)

a) -4.53

b) -2.54

c) -2.50

Reference no: EM1321672

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