
TABLE 10-7
A buyer for a manufacturing plant suspects that his primary supplier of raw materials is overcharging. In order to determine if his suspicion is correct, he contacts a second supplier and asks for the prices on various identical materials. He wants to compare these prices with those of his primary supplier. The data collected is presented in the table below, with some summary statistics presented (all of these might not be necessary to answer the questions which follow). The buyer believes that the differences are normally distributed and will use this sample to perform an appropriate test at a level of significance of 0.01.
Primary Secondary
Material Supplier Supplier Difference
1 $55 $45 $10
2 $48 $47 $1
3 $31 $32 -$1
4 $83 $77 $6
5 $37 $37 $0
6 $55 $54 $1
Sum: $309 $292 $17
Sum of Squares: $17,573 $15,472 $139
-Referring to Table 10-7, the calculated value of the test statistic is ________.
Correct Answer:
Verified
Q88: TABLE 10-7
A buyer for a manufacturing plant
Q89: The Wall Street Journal recently published an
Q90: TABLE 10-7
A buyer for a manufacturing plant
Q91: TABLE 10-7
A buyer for a manufacturing plant
Q94: TABLE 10-6
To investigate the efficacy of a
Q95: When testing H₀: π₁ - π₂ =
Q95: When testing H₀: π₁ - π₂ =
Q97: TABLE 10-7
A buyer for a manufacturing plant
Q98: TABLE 10-7
A buyer for a manufacturing plant
Q100: The Wall Street Journal recently ran an
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