You are the manage- of the Gander Mountain store in Frogtown, Illinois Recently, a customer mentioned that they believed your prices for ammunition were lower than the prices of Gander Mountain's primary competitor in the hunting equipment store, Cabela's. You would like to be able to include that statement in a forthcoming print advertisement so you need statistical evidence to support this assertion.
Identify the null and alternative hypotheses needed to test the contention. Then identify the most appropriate sample selection technique to gather data for testing the hypothesis. What statistical test should you use to accept or reject this hypothesis using the data you will collect?
1. Identify the null and alternative hypothesis needed to test the contention.
2. Identify the most appropriate sample selection technique to gather data for testing the
Hypothesis.
3. What statistical test should you use to accept or reject this hypothesis using the data you will collect?