A Student Is Trying to Decide If It Is Cheaper

question 19

Essay

A student is trying to decide if it is cheaper to order blank CDs over the internet or to buy them at local electronic stores.Listed below are the prices (in dollars)quoted for boxes of 200 blank CDs from various manufacturers.The prices are not normally distributed for either source. $\begin{array}{ll}\text { Internet }&\text { Local Electronics Stores }\\26.00 & 33.98 \\27.99 & 37.75 \\31.50 & 38.99 \\32.75 & 35.79 \\27.00 & 33.99 \\27.98 & 34.79 \\24.75 & 29.98 \\28.15 & 33.00 \\29.99 & 32.00 \\29.99 &\end{array}$
-Set up the null and alternative hypotheses for the claim that buying over the Internet (I)is cheaper than buying from the local electronics stores (E).

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Definitions:

Knowledge Management

The method of generating, distributing, utilizing, and controlling an organization's knowledge and information to improve its efficiency and competitive edge.

Data

Raw facts and observations.

Information

Data made useful for decision-making.

Understandability

The ease with which information can be comprehended by the receiver, often influenced by clarity, simplicity, and organization.