Mathematics, 27.12.2020 15:20 JonJon05
A student wants to determine if there is a difference in the pricing between two stores for health and beauty supplies. She recorded prices from both stores for each of 10 different products. Assuming that the conditions for conducting the test are satisfied, determine if there is a price difference between the two stores.
alpha = 0.05 level of significance.
Store 1 Store 2
Product A 5.92 5.85
Product B 7.53 7.93
Product C 3.75 3.98
Product D 1.81 1.71
Product E 1.71 1.96
Product F 2.86 2.58
Product G 4.79 4.74
Product H 3.18 3.69
Product I 3.02 2.87
Product J 3.77 3.68
Required:
a. Use technology to calculate the P-value.
b. Draw a conclusion based on the hypothesis test.
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