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We Are Interested in Comparing the Average Supermarket Prices of Two

Question 51

Short Answer

We are interested in comparing the average supermarket prices of two leading colas. Our sample was taken by randomly selecting eight supermarkets and recording the price of a six-pack of each brand of cola at each supermarket. The data are shown in the following table:  Price  Supermarket  Brand 1  Brand 2  Difference 1$2.25$2.30$0.0522.472.450.0232.382.440.0642.272.290.0252.152.250.1062.252.250.0072.362.420.0682.372.400.03x1=2.3125x2=2.3500 d=0.0375 s1=0.1007 s2=0.0859 s d=0.0381\begin{array}{c}\text { Price }\\\begin{array}{c|cc|c}\text { Supermarket } & \text { Brand 1 } & \text { Brand 2 } & \text { Difference } \\\hline 1 & \$ 2.25 & \$ 2.30 & \$-0.05 \\2 & 2.47 & 2.45 & 0.02 \\3 & 2.38 & 2.44 & -0.06 \\4 & 2.27 & 2.29 & -0.02 \\5 & 2.15 & 2.25 & -0.10 \\6 & 2.25 & 2.25 & 0.00 \\7 & 2.36 & 2.42 & -0.06 \\8 & 2.37 & 2.40 & -0.03 \\\hline & \mathrm{x}_{1}=2.3125 & \mathrm{x}_{2}=2.3500 & \mathrm{~d}=-0.0375 \\& \mathrm{~s}_{1}=0.1007 & \mathrm{~s}_{2}=0.0859 & \mathrm{~s} \mathrm{~d}=0.0381\end{array}\end{array}

Find a 98%98 \% confidence interval for the difference in mean price of brand 1 and brand 2 .
A) 0.0375±0.04040.0375 \pm 0.0404
B) 0.0375±0.13930.0375 \pm 0.1393
C) 0.0375±0.04710.0375 \pm 0.0471
D) 0.0375±0.03470.0375 \pm 0.0347

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