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Alibaba is a massive online retailer in China. While shopping online, a Chinese international student wanted to see if prices are generally similar between Alibaba
Alibaba is a massive online retailer in China. While shopping online, a Chinese international student wanted to see if prices are generally similar between Alibaba and Amazon. She took a random sample of of products listed on both retailers' platforms and compared the price for each product on Alibaba with the corresponding price on Amazon.
a To determine if there is a difference between the Alibaba and Amazon prices, which type of test should the student use?
b The pvalue was found to be What can be said regarding the confidence interval and corresponding conclusion?
would be
the confidence interval, implying
evidence the average price of products on Alibaba is different than Amazon.
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