Question: One research question that could be posed using the available data: Do product prices differ significantly between Amazon.com and Walmart.com and, if so, by how

One research question that could be posed using the available data: Do product prices differ significantly between Amazon.com and Walmart.com and, if so, by how much?

Determine a method that would be appropriate for answering this research question. Using StatCrunch and the available data, perform the statistical procedure deemed appropriate. Hint: You will need to go beyond the exploratory data analysis (i.e., summary statistics and visualizations) in Questions 1-3 above.

(i) What method did you use to answer the research question e.g., One-Sample t-Test for Means?

(ii) Why did you select this particular method to answer the research question?

(iii) In one to two complete sentences, summarize and interpret the relevant findings of your analysis in the context of the research question i.e., what do the findings suggest about the impact of online retailer on product prices?

(iv) Consider and, then, suggest how you would approach data collection in the future if you were interested in comparing Amazon.com and Walmart.com product prices for one particular market sector/category within online sales (e.g., Grocery/Cosmetic) during fall 2020.

One research question that could be posed using the available data: Do

Provide ALL StatCrunch work in your submission in some form.

Round ALL answers to three decimal places.

File Home Insert Draw Page Layout Formulas Data Review View F11 fi E F A B C D 1 Product Category Amazon Walmart 2 Nespresso Pi Kitchen/Hous 242.05 225.99 3 NatureMade Grocery/Cosr 17.49 19.97 4 Crocs - Mens Clothing/Sho 32.95 25.95 5 Altra Womer Clothing/Sho 85.19 82.94 6 Tracfone 6ON Grocery/Cosr 24.95 19.99 7 Pero 7OZ Grocery/Cost 5.98 5.98 8 3-Way Gourn Grocery/Cosr 49.99 31.27 9 Marmot Mer Clothing/Sho 120 126 10 Nectar in a Si Miscellaneou 6.49 7.77 11 The Essential Miscellaneou 13.98 14.75 12 DHP Emily Fu Kitchen/Hous 172.79 189 13 Huffy Nel Lus Miscellaneou 156.79 119 14 Celestial Tea Grocery/Cosr 28.52 27.98 15 Venus Swirl F Grocery/Cosr 11.75 12.97 16 TI-30X IIS Scie Miscellaneou 12.95 12.95 17 Fitbit Blaze, E Miscellaneou 169 199.95 18 Pampers Eas Grocery/Cosr 41.25 43.51 19 Better Home: Kitchen/Hous 27.62 15.49 20 Zoey Contem Kitchen/Hous 320.17 437.98 21 Maglite LED F Miscellaneou 25.47 38.99 22 Vera Wang C Kitchen/Hous 124.99 125 23 Goodyear Wi Miscellaneou 74 126.99 24 Everest Fann Clothing/Sho 5.9 9.99 25 Ravel Paris B Miscellaneou 381 419.28 26 Peanut M&N Grocery/Cosr 8.54 8.98 27 KODAK PIXPR Miscellaneou 77 72 60 28 Gold's Gym Miscellaneou 29 Fruit of the L Clothing/Sho 6.57 7.47 30 Speedo Vang Miscellaneou 18.02 17.65 31 Wilson Thras Miscellaneou 49.95 69.95 Sheet1 Ready File Home Insert Draw Page Layout Formulas Data Review View F11 fi E F A B C D 1 Product Category Amazon Walmart 2 Nespresso Pi Kitchen/Hous 242.05 225.99 3 NatureMade Grocery/Cosr 17.49 19.97 4 Crocs - Mens Clothing/Sho 32.95 25.95 5 Altra Womer Clothing/Sho 85.19 82.94 6 Tracfone 6ON Grocery/Cosr 24.95 19.99 7 Pero 7OZ Grocery/Cost 5.98 5.98 8 3-Way Gourn Grocery/Cosr 49.99 31.27 9 Marmot Mer Clothing/Sho 120 126 10 Nectar in a Si Miscellaneou 6.49 7.77 11 The Essential Miscellaneou 13.98 14.75 12 DHP Emily Fu Kitchen/Hous 172.79 189 13 Huffy Nel Lus Miscellaneou 156.79 119 14 Celestial Tea Grocery/Cosr 28.52 27.98 15 Venus Swirl F Grocery/Cosr 11.75 12.97 16 TI-30X IIS Scie Miscellaneou 12.95 12.95 17 Fitbit Blaze, E Miscellaneou 169 199.95 18 Pampers Eas Grocery/Cosr 41.25 43.51 19 Better Home: Kitchen/Hous 27.62 15.49 20 Zoey Contem Kitchen/Hous 320.17 437.98 21 Maglite LED F Miscellaneou 25.47 38.99 22 Vera Wang C Kitchen/Hous 124.99 125 23 Goodyear Wi Miscellaneou 74 126.99 24 Everest Fann Clothing/Sho 5.9 9.99 25 Ravel Paris B Miscellaneou 381 419.28 26 Peanut M&N Grocery/Cosr 8.54 8.98 27 KODAK PIXPR Miscellaneou 77 72 60 28 Gold's Gym Miscellaneou 29 Fruit of the L Clothing/Sho 6.57 7.47 30 Speedo Vang Miscellaneou 18.02 17.65 31 Wilson Thras Miscellaneou 49.95 69.95 Sheet1 Ready

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