Discuss the below:
H0: The average price is the same x1=x2
H1: x1 is greater than x2; the average price of Hmart is greater than the average price of Happy Market.
Perform the relevant hypothesis test.
HMART (PRICE) |
HAPPY MARKET (PRICE) |
$1.99 |
$2.15 |
$1.89 |
$2.14 |
$1.29 |
$1.27 |
$0.69 |
$0.69 |
$1.99 |
$1.79 |
$1.49 |
$1.52 |
$0.99 |
$0.89 |
$0.79 |
$0.78 |
$1.29 |
$1.28 |
$2.29 |
$2.79 |
$0.89 |
$0.99 |
$1.49 |
$1.38 |
$3.05 |
$2.99 |
$1.69 |
$1.79 |
$13.99 |
$14.29 |
$7.99 |
$6.89 |
$1.29 |
$2.19 |
$1.79 |
$2.09 |
$2.99 |
$3.19 |
$2.99 |
$2.99 |
$6.99 |
$7.15 |
$6.99 |
$8.15 |
$2.49 |
$2.49 |
$0.99 |
$0.89 |
$9.99 |
$12.99 |
$0.59 |
$0.49 |
$1.49 |
$1.39 |
$0.99 |
$0.99 |
$1.99 |
$1.99 |
$0.99 |
$0.99 |
$0.69 |
$0.79 |
$1.49 |
$1.29 |
$1.29 |
$1.29 |
$1.79 |
$1.89 |
$0.79 |
$0.85 |
$1.79 |
$1.99 |
$1.69 |
$1.69 |
$1.99 |
$1.49 |
$1.99 |
$1.99 |
$3.49 |
$3.69 |
$3.29 |
$3.19 |
$1.01 |
$0.99 |
$1.99 |
$1.99 |
$1.89 |
$1.59 |
$2.99 |
$2.99 |