Question: Test the following hypothesis using the data summarized in the table below. Interpret your result: H 1 : Internet retailers offer lower prices for Blu-ray

Test the following hypothesis using the data summarized in the table below. Interpret your result:

  • H1: Internet retailers offer lower prices for Blu-ray players than do traditional in-store retailers.

Retail Type

Blu-ray Player Average Price

Standard Deviation

n

Internet Retailers $109.95 $20.00 25
Multi-channel Retailers $159.30 $45.00 25

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