Each of three supermarket chains in the Denver area claims to have the lowest overall prices. As

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Each of three supermarket chains in the Denver area claims to have the lowest overall prices. As part of an investigative study on supermarket advertising, a local television station conducted a study by randomly selecting nine grocery items. Then, on the same day, an intern was sent to each of the three stores to purchase the nine items. From the receipts, the following data were recorded.

Item Supers Ralph's Lowblaws 1 $1.12 $1.02 $1.07 2 1.14 1.10 1.21 1.72 1.97 2.08 4 2.22 2.09 2.32 2.40 2.10 2.30 4.04 4.32 4.15 5.05 4.95 5.05 8 4.68 4.13 4.67 9. 5.52 5.46 5.86

a. What are the null and alternate hypotheses?

b. What are the test statistics?

c. What are the p-values?

d. Using a .05 significance level, what is your decision regarding the null hypotheses?

e. Interpret the result.

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Statistical Techniques In Business And Economics

ISBN: 9781260239478

18th Edition

Authors: Douglas Lind, William Marchal, Samuel Wathen

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