Purchase Solution

Comparing Mean Food Prices at Whole Foods and Fairway Market

Not what you're looking for?

Ask Custom Question

A newspaper article discussed the opening of a Whole Foods Market in the Time=Warner building in NYC. The following data compared the prices of some kitchen staples at the new Whole Foods Market and at the Fairway supermarket.

Items Whole Food Fairway

milk 2.19 2.39
eggs 2.39 1.69
orange juice 2.00 2.49
lettuce 1.98 1.29
ground round 4.99 3.69
tuna 1.79 1.33
apples 1.69 1.49
linguini 1.99 1.59
salmon 7.99 5.99
chicken 2.19 1.49

a At the 0.01 level of significance is there evidence that the mean price is higher at Whole Foods than at Fairway?

b. Interpret the meaning of the p-value in a.

c. What assumption is necessary about the population distribution in order to perform the test

Purchase this Solution

Solution Summary

A Complete, Neat and Step-by-step Solution is provided in the attached Excel file.

Purchase this Solution


Free BrainMass Quizzes
Terms and Definitions for Statistics

This quiz covers basic terms and definitions of statistics.

Measures of Central Tendency

Tests knowledge of the three main measures of central tendency, including some simple calculation questions.

Measures of Central Tendency

This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.

Know Your Statistical Concepts

Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.