A newspaper article discussed the opening of a Whole Food Market in the Time-Warner building ...
A newspaper article discussed the opening of a Whole Food Market in the Time-Warner building in New York Ciry. The data compared the prices of come kitchen staples at the new Whole Foods Market and the Fairway supermarket located about 15 blocks from the Time- Warner building. Is there evidence that the average price is lower at the fairway supermarket than at the Whole Foods Market? Use alpha=.05 Data is: "Whole Food" Item: Milk= 2.19 Eggs 2.39 OJ 2.00 Lettuce 1.98 Beef 4.99 Tuna 1.79 Apples 1.69 Linguini 1.99 Salmon 7.99 Chicken 2.19 Data For "Fairway" Item: Milk= 1.35 Eggs 1.69 OJ 2.49 Lettuce 1.29 Beef 3.69 Tuna 1.33 Apples 1.49 Linguini 1.59 Salmon 5.99 Chicken 1.49. The answers I need are: "Assumptions/Required conditions" "Ho: vs. Ha" "Test Statistic(symbol and value) p-value" "Conclusion: Either reject Ho or dont not reject Ho" and "is there evidence to conclude on average prices are lower at the Fairway supermarket than at the Whole Foods Market.
8 years ago
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