Statistics: Informed Decisions Using Data (4th Edition)

Published by Pearson
ISBN 10: 0321757270
ISBN 13: 978-0-32175-727-2

Chapter 11 - Section 11.5 - Assess Your Understanding - Applying the Concepts - Page 578: 15

Answer

P-value $=0.2541\gt0.05$. Do not reject the null hypothesis. There is not enough evidence to conclude that there is a price difference between Walmart and Target for health and beauty supplies.

Work Step by Step

$H_0:~µ_d=0$ versus $H_1:~µ_d\ne0$ In MINITAB, enter the Price at Walmart values in C1 and the Price at Target values in C2. Select Stat -> Basic Statistics -> Paired-t Select "Each sample is in a column" In Sample 1 enter C1 and in Sample 2 enter C2 Click in Options. Enter 95 in Confidence level, 0 in Hypothesized difference. In "Alternative hypothesis" select "Difference $\ne$ hypothesized difference". Click OK. Click OK.
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.