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Significance level and p-value

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A large department store hired a researcher to compare the average purchase amounts for the downtown store with that of its mall store.  The information shown was obtained.  At the 0.01 significance level can it be concluded that the mean amount spent at the mall store is larger?Estimate the p-value?
Average purchase amount  Downtown store $36.00  Mall store $40.00
Sample standard deviation Downtown store $10.00  Mall store $10.00
Sample Size Downtown store  10   Mall store  $10.00

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Solution Summary

This provides an example of using significance level to determine differences and estimate the p-value.

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A large department store hired a researcher to compare the average purchase amounts for the downtown store with that of its mall store. The information shown was obtained. At the 0.01 significance level can it be concluded that the mean amount spent at the mall store is larger? Estimate the p-value? Average purchase amount Downtown store $36.00 Mall store $40.00 Sample standard deviation Downtown store $10.00 Mall store $10.00 Sample Size Downtown store 10 ...

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