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APU BUSN 660 ASSIGNMENT

by | Dec 2, 2023 | Posted Questions

A package goods supplier designed a
new package (“white”) that it thought was more appealing than its old package
(“blue”). It conducted a 10-week trial of the two packages in selected
“matched” stores with the results shown below (sales in thousands of dollars).

Week 1

Blue

White

1

8.4

9.2

2

4.9

5.3

3

3.3

3.1

4

6.9

7.6

5

9.3

9.2

6

8.7

9.2

7

5.3

5.7

8

3.4

4.4

9

6.9

7.8

10

7.9

8.5

Question
6 of 11

The point estimate for the new
“White” package is . (Hint: Please enter numbers only and
round to one decimal point. For example, if you have 3.354, then enter 3.4;
if you have 3.335, enter 3.3.)

Question
7 of 11

The point estimate for the old
“blue” package is . (Hint: Please enter numbers only and
round to one decimal point. For example, if you have 3.354, then enter 3.4;
if you have 3.335, enter 3.3.)

Question
8 of 11

The standard deviation for the
“White” package is . (Hint: Please enter numbers only and
round to two decimal points. For example, if you have 3.354, then enter 3.35;
if you have 3.355, enter 3.36.)

Question 9 of 11

The standard deviation for the
“Blue” package is . (Hint: Please enter numbers only and
round to two decimal points. For example, if you have 3.354, then enter 3.35;
if you have 3.355, enter 3.36.)

Question
10 of 11

The 95% prediction interval
estimate for the new “White” package is, lower , and higher
. (Hint: Please enter numbers only and round to one decimal point. For
example, if you have 3.354, then enter 3.4; if you have 3.335, enter 3.3.)

Question
11 of 11

10.0 Points

The 95%
prediction interval estimate for the new “Blue” package is, lower
, and higher . (Hint: Please enter numbers only and round to one
decimal point. For example, if you have 3.354, then enter 3.4; if you have
3.335, enter 3.3.)

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