Hypothesis test
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The manufacturer of a compact disc player wanted to know whether a 10 percent reduction in price is enough to increase the sales of its product. To investigate, the owner randomly selected eight outlets and sold the disc player at the reduced price. At seven randomly selected outlets, the disc player was sold at the regular price. Reported below is the number of units sold last month at the sampled outlets. At the 0.01 significance level, can the manufacturer conclude that the price reduction resulted in an increase in sales?
Regular price 138 121 88 115 141 125 95
Reduced Price 128 134 152 135 114 106 112 120
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