Question: A comparison between a major sporting goods chain and a specialty runners' store was done to find who had lower prices on running shoes. A
A comparison between a major sporting goods chain and a specialty runners' store was done to find who had lower prices on running shoes. A sample of 32 different shoes was priced (in dollars) at both stores. To test whether the average difference is greater than zero, the hypotheses are as follows: Null Hypothesis: D 0, Alternative Hypothesis: D> 0. If the average difference between the two stores (specialty - chain) is -1.87 with a standard deviation of 7.49, what is the test statistic and p-value?
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
