Statistical inference to business decision scenarios

Reference no: EM1395191

The manager of the Gander Mountain store in Frogtown, IL, believes that his prices for ammunition are lower than the prices of his primary competitor in the hunting equipment market, Cabela's. He would like to be able to provide evidence to support this assertion.

- What are the Gander Mountain manager's null and alternative hypotheses?

- How should he go about taking samples to gather data for testing the hypotheses?

- What statistical test should he use to test his hypothesis, using the data he has collected?

Reference no: EM1395191

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