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ID: 3396626 • Letter: H
Question
home / study / questions and answers / math / statistics and probability / a student group at a university located in the ... Question A student group at a university located in the midwest is conducting a study to determine whether there is a difference between textbook prices for new textbooks sold by the on-campus bookstore and an internet retailer.A random sample of 10 textbooks was taken, and the canpus price and the internet retailer's price for each textbook were collected. At the 0.01 level of significance, can the student group conclude that there is a difference in average textbook prices for new textbooks sold on campus and over the internet?
Campus- 117, 114, 114, 152, 124, 139, 125, 120, 119, 114
Internet- 108, 120, 110, 136, 122, 123, 115, 106, 114, 119
a. State the null and alternate hypothesis b. What is the level significance? c. What is the critical value? d. Compute the value of the test statistic e. What is your decision regarding the null hypothesis? Interpret the result.
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