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You are conducting a test to determine whether prices of groceries at Pay-More are greater than those at Big-Box-Mart. You find that the average price
You are conducting a test to determine whether prices of groceries at Pay-More are greater than those at Big-Box-Mart. You find that the average price of bananas at Pay-More is 39 cents per pound, while the average price at Big-Box-Mart is 38 cents per pound. Furthermore, in testing for a significant difference between the two, you find the p-value to be 0.003. a) What type of hypothesis test is appropriate to make this determination? b) Should the test be one-sided or two-sided? Why? c) Conduct the test and draw any appropriate conclusions
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