Count | iPhone User Id | Price Willing to Pay |
1 | 101 | 1150 |
2 | 204 | 800 |
3 | 205 | 1050 |
4 | 405 | 1400 |
5 | 701 | 1050 |
6 | 105 | 1350 |
7 | 98 | 700 |
8 | 12 | 1450 |
9 | 37 | 800 |
10 | 55 | 650 |
11 | 68 | 750 |
12 | 31 | 1200 |
13 | 90 | 500 |
14 | 92 | 950 |
15 | 447 | 1050 |
16 | 778 | 1150 |
You are hired by Google to research how much people are willingto pay for a new cell phone in US. They are especially interestedto know if their new phone, Pixel 3, should be priced similarly toApple’s iPhone Xs. Google believes that there is a differencebetween what Android and iPhone users are willing to pay forhigh-end phones. You are hired to answer this question. Part I: Toanalyze iPhone users your team randomly selects 16 individuals. Seeattached data file.
a) Compute sample mean and sample standard deviation for iPhoneusers
b) Compute 5-number summary for iPhone users
c) Find the 90% confidence interval for the average phone priceiPhone users are willing to pay. How do you interpret it?