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Can students save money by comparison shopping at Amazon.com? To investigate this possibility, a random sample of 15 textbooks used during a recent semester at Miami University was selected. The prices for these textbooks at both a local bookstore and through Amazon.com were recorded. The prices for the textbooks, including all relevant taxes and shipping are as stated below. At the 0.01 level of significance, is there evidence of a difference in the median price of textbooks between the local bookstore and Amazon.com?
Book Name Book Store AmazonPrinciples of Microeconomics 120.00 101.22Calculus: Early Transcendentals 137.50 115.33Exploring Wine 65.00 37.05Manual de Gramatica 82.75 71.36Deviant Behavior 90.00 83.00Modern Architecture Since 1900 39.95 26.37Rise of Christianity 40.00 26.40Commercial Banking 120.00 108.99A Romance of a Republic 25.00 14.99Chemistry in Context 133.75 102.30Universal Principles of Design 40.00 26.40In Mixed Company 79.50 68.76International Marketing 154.75 126.15Russia & Western Civilization 30.95 31.95Enterprise Information Systems 155.75 126.97
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