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Imported vs. Domestic Beer Prices

You want to know if there is a difference in price between imported and domestic beers. You go to your local supermarket and record the sales price and country of origin of 68 different beers. A t-test is run, the results of which appear below.

Values Attached!

1.Why would it be better to use a one-tailed test in this case?

2.You selected a one-tailed test, what are the null and experimental hypotheses (H0 and H1)?

3.In the beer price study, what is the critical value of t used in a one-tailed test?

4.Is there a significant difference between the price of domestic versus imported beers? What does this mean?

Chart for question on attachment
5. What is the one BEST measure of central tendency (mean, median, or mode) to use for these data?


Solution Summary

Word document attached answers questions about one-tailed hypotheses, critical values and conclusion.