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?

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?

- November 14, 2022 - Edwin Tunner

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?

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