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using the table below: Formulate null and alternative hypotheses to test whether the mean subscription cost of StreamFlix exceeds that of VisionPlus by more than
using the table below: Formulate null and alternative hypotheses to test whether the mean subscription cost of StreamFlix exceeds that of VisionPlus by more than $5. Apply the critical value method at a 5% significance level, covering all stages of hypothesis testing (including hypothesis statements, decision rule, critical value calculation, and a concluding statement with its rationale).
REGION | STREAMFLIX COST | VISIONPLUS COST |
1 | 119.25 | 111.99 |
2 | 121.32 | 114.88 |
3 | 122.34 | 115.11 |
4 | 120.14 | 117.02 |
5 | 122.19 | 116.89 |
6 | 123.71 | 116.62 |
7 | 121.72 | 115.38 |
8 | 122.42 | 114.40 |
9 | 123.63 | 113.91 |
10 | 122.44 | 111.87 |
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