Question: c. State your decision about the null hypothesis. Reject HO O Fail to reject H0 The manufacturer of an MP3 player wanted to know whether

 c. State your decision about the null hypothesis. Reject HO OFail to reject H0 The manufacturer of an MP3 player wanted to

c. State your decision about the null hypothesis. Reject HO O Fail to reject H0 The manufacturer of an MP3 player wanted to know whether a 10% reduction in price is enough to increase the sales of its product. To investigate, the owner randomly selected eight outlets and sold the MP3 player at the reduced price. At seven randomly selected outlets, the MP3 player was sold at the regular price. Reported below is the number of units sold last month at the regular and reduced prices at the randomly selected outlets. Regular price 13'?I 129 87 111 118 124 '39 Reduced price 12'? 130 150 136 116 126 132 127 Click here for the Excel Data File At the 0.050 significance level, can the manufacturer conclude that the price reduction resulted in an increase in sales? Hint For the calculations. assume reduced price as the rst sample. a. Compute the pooled estimate of the variance. (Round your answer to 3 decimal places.) 191.846 b. Compute the test statistic. {Round your answer to 2 decimal places.) 2.16

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