A student group at a university located in the Midwest is conducting a study to determine whether

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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 campus 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?

Textbook Physics Chemistry Spanish Accounting Calculus Campus 108 114 114 110 118 Internet 124 120 107 112 122 Textbook Economics Art Biology History English Campus 108 119 115 119 114 Internet 123 125 108 117 119

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Business Statistics A Decision Making Approach

ISBN: 9780136121015

8th Edition

Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry, Kent D. Smith

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