The manufacturer of an MP3 player wanted to know whether a 10% reduction in price is enough to increase the sales of its product. To investigate, the owner randomly selected eight outlets and sold the MP3 player at the reduced price. At seven randomly selected outlets, the MP3 player was sold at the regular price. Reported below is the number of units sold last month at the regular and reduced prices at the randomly selected outlets.

Regular price139 134 100 126 151 134 97

Reduced price139 134 100 126 151 134 97 137

Regular	Reduced
139	139
134	134
100	100
126	126
151	151
134	134
97	97
	137

At the .01 significance level, can the manufacturer conclude that the price reduction resulted in an increase in sales? Required: a. What are the null and alternate hypotheses? multiple choice 1

• H₀: _{Reduced Regular} H₁: _Reduced > _Regular
• H₀: _Reduced > _Regular H₁: _{Reduced Regular} Incorrect
• H₀: _{Reduced Regular} H₁: _Reduced < _Regular

b. Compute the test statistic. (Round your answers to 2 decimal places.)

c. Compute the p-value.NOTE: P-value calculators are available through online search. (Round your answer to 4 decimal places.).

d. What is your decision regarding the null hypothesis?

e. Interpret the result.