According to the University of Nevada Center for Logistics Management, 12% of all merchandise sold in the United States gets returned. A Houston department store sampled 80 items sold in January and found that 14 of the items were returned. a. Construct a point estimate of the proportion of items returned for the population of sales transactions at the Houston store. (to 4 decimals) b. Construct a 99% confidence interval for the proportion of returns at the Houston store. (to 4 decimals) c. Is the proportion of returns at the Houston store significantly different from the returns for the nation as a whole? Provide statistical support for your answer. Since the confidence interval - Select your answer - ♥ 0.12, we conclude that the return rate for the Houston store Select your answer v the U.S. national return rate.

According to the University of Nevada Center for Logistics Management, 12% of all merchandise sold in the United States gets returned. A Houston department store sampled 80 items sold in January and found that 14 of the items were returned. a. Construct a point estimate of the proportion of items returned for the population of sales transactions at the Houston store. (to 4 decimals) b. Construct a 99% confidence interval for the proportion of returns at the Houston store. (to 4 decimals) c. Is the proportion of returns at the Houston store significantly different from the returns for the nation as a whole? Provide statistical support for your answer. Since the confidence interval - Select your answer - ♥ 0.12, we conclude that the return rate for the Houston store Select your answer v the U.S. national return rate.

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Description: According to the University of Nevada Center for Logistics Management, 12% of all merchandise sold in the United States getsreturned. A Houston department store sampled 80 items sold in January and found that 14 of the items were returned.a. Constru

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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