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?
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