Question

In: Statistics and Probability

All Fresh Seafood is a wholesale fish company based on the east coast of the U.S....

All Fresh Seafood is a wholesale fish company based on the east coast of the U.S. Catalina Offshore Products is a wholesale fish company based on the west coast of the U.S. The table below contains prices from both companies for specific fish types ("Seafood online," 2013) ("Buy sushi grade," 2013). Do the data provide enough evidence to show that a west coast fish wholesaler is more expensive than an east coast wholesaler? Test at the 5% level.

Table #2: Wholesale Prices of Fish in Dollars

Fish

All Fresh Seafood Prices

Catalina Offshore Products Prices

Cod

19.99

17.99

Tilapi

6.00

13.99

Farmed Salmon

19.99

22.99

Organic Salmon

24.99

24.99

Grouper Fillet

29.99

19.99

Tuna

28.99

31.99

Swordfish

23.99

23.99

Sea Bass

32.99

23.99

Striped Bass

29.99

14.99

Step 1: State the question

Step 2: Identify the information

  1. State the random variables and parameters in words
  1. State the null and alternative hypotheses and level of significance
  1. Determine the type of test this is, then state and check the assumptions for this type of test

Step 3: Perform calculations

  1. Find the sample statistics
  1. Find the test statistic
  1. Find the p-value
  1. State the conclusion (compare p and alpha and decide to reject Ho or fail to reject Ho)

Step 4. Interpret (answer the original question in a complete sentence)

Please copy explanation from a word document

Solutions

Expert Solution

Since we are not able to reject the null hypothesis then it means data does not provide enough evidence to show that a west coast fish wholesaler is more expensive than the east coast.

orchestra answered 2 years ago
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