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American Greetings would like to test the hypothesis that the average amount of money spent per person on Mother's Day increased by more than $10 this year when compared to last year. The following data represents the amount of money that the same eight individuals spent on Mother's Day during the past two holidays.
Person
1
2
3
4
5
6
7
8
Last Year
$140
$113
$86
$147
$162
$150
$142
This Year
$133
$110
$156
$170
$160
$166
$183
$154
Define Population 1 as this year and Population 2 as last year and use the p-value approach to test this hypothesis with α = 0.05.
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