CH9 – Providence Wine Prices Analysis

Essentials of Modern Business Statistics with Microsoft® Excel®

Anderson, Sweeney, Williams, Camm, and Cochran

07th Edition

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Determine if red wines in Providence are less expensive than the national average for high-quality wines based on the Vivino Rating System. Conduct a hypothesis test using the sample data collected by the New England-based lifestyle magazine. Calculate the p-value and conclude at a significance level of 0.05. Repeat the hypothesis test using the critical value approach.

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