The following lists the costs of name brand drugs and the corresponding generic drug before insurance. We are interested in testing to see if there is a significant difference in the costs.ROUND TO FOUR DECIMAL PLACES Drug Name Brand Drug Generic Drug 1 1262 1964 2 4108 1755 3 1864 2302 4 1829 1682 5 2059 1851 6 1020 3050 a. Find .b. Findc. Find the test statistic for this type of data.d. Find the critical value at 98% confidence.e. What conclusion would be made here at 98% confidence?

The following lists the costs of name brand drugs and the corresponding generic drug before insurance. We are interested in testing to see if there is a significant difference in the costs. ROUND TO...

The following lists the costs of name brand drugs and the corresponding generic drug before insurance. We are interested in testing to see if there is a significant difference in the costs.

ROUND TO FOUR DECIMAL PLACES

Drug	Name Brand Drug	Generic Drug
1	1262	1964
2	4108	1755
3	1864	2302
4	1829	1682
5	2059	1851
6	1020	3050

a. Find .

b. Find

c. Find the test statistic for this type of data.

d. Find the critical value at 98% confidence.

e. What conclusion would be made here at 98% confidence?

Jun 02, 2022

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The following lists the costs of name brand drugs and the corresponding generic drug before insurance. We are interested in testing to see if there is a significant difference in the costs. ROUND TO...

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