The Prices of 100 Common Products Was Recorded from Two

question 24

Essay

The prices of 100 common products was recorded from two major supermarkets (Market A and Market B).It was observed that out of the 100 products,51 products were more expensive at Market A,34 products were more expensive at Market B,and 15 products were the same price.Is the median difference in price between items at these supermarkets different from 0? Carry out a Sign Test.Use a significance level of 0.05.

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Definitions:

Species Name

The scientific naming of species, typically consisting of a genus name followed by a specific epithet, in the system of binomial nomenclature.

Adaptation

(1) An evolutionary modification that improves an organism’s chances of survival and reproductive success. (2) A decline in the response of a receptor subjected to repeated or prolonged stimulation.

Ecosystem

A biological community of interacting organisms and their physical environment.

Individual Organism

A single, living entity that can function on its own, performing all necessary activities of life.