The below sample data represents the cost of 9 name-brand drugs and their corresponding generic equi
Question: The below sample data represents the cost of 9 name-brand drugs and their corresponding generic equivalent. (Use Name Brand as Sample1)
| Name Brand | 120 | 150 | 135 | 140 | 160 | 175 | 140 | 120 | 165 |
| Generic Brand | 99 | 135 | 130 | 119 | 139 | 150 | 129 | 109 | 160 |
Note: Do not perform a hypothesis test for this problem. You are to interpret the CI.
a) Compute a two-sided 90% confidence Interval estimate for ?d. (4 points)
b) Based on your interval, can you safely conclude that generics are less expensive than name brand? Why or why not? (4 points)
Price: $2.99
See Solution: The solution consists of 2 pages
Type of Deliverable: Word Document
Type of Deliverable: Word Document
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