Question
newspaper article discussed the opening of a Whole Foods Market in the Time-Warner building in New York City. A researcher wanted to compare the prices
newspaper article discussed the opening of a Whole Foods Market in the Time-Warner building in New York City. A researcher wanted to compare the prices of some kitchen staples at the Whole Foods Market with those at the Fairway Market located about 15 blocks from the Time-Warner building to determine if the prices at Whole Foods appeared to be higher than those at the Fairway Market. A .05 level of significance was used and the resulting p-value was .0048. State the null and alternate hypotheses, state whether the null hypothesis should be rejected or not rejected and your reason for that conclusion, state the meaning of that conclusion specifically in terms of the problem being studied.
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