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 120 items sold in January and found that 11 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 - v 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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Author:Amos Gilat
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i
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Corey_week 4 assignme
1.
Kaitlynn Corey Week 4
aka
assignment 1. Consider
2.
A-Z
following hypothesis te
3.
According to the University of Nevada Center for Logistics Management, 12% of all merchandise sold in the United States gets returned. A Houston
A sample of 40 provide
department store sampled 120 items sold in January and found that 11 of the items were returned.
a .
O Office
4.
sample mean of 26.4. T
a. Construct a point estimate of the proportion of items returned for the population of sales transactions at the Houston store.
5.
(to 4 decimals)
gers Univ BUSINESS 136:287 • 16 views
6.
b. Construct a 99% confidence interval for the proportion of returns at the Houston store.
7.
) (to 4 decimals)
8.
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
9.
answer.
NE ocument
Since the confidence interval
- Select your answer - v 0.12, we conclude that the return rate for the Houston store
- Select your answer -
the U.S.
10.
EXERCISE FOR HYPOT
national return rate.
11.
EXERCISE FOR
12.
HYPOTHESIS TESTING
Consider the following
13.
hypothesis test: HO : µ
Ha : µ > 25 A sample of
14.
15.
16.
0= Icon Key
ona State Univ MAT 11508 • 10 views
17.
not processed.png
Show All
boument
10
KEYNOTE
NOV
PAGES
16
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Transcribed Image Text:Chrome File Edit View History Bookmarks Profiles Tab Window Help 58% [4) Tue 7:27 PM Answered: a. For Rite Aid, is th X f Facebook MindTap - Cengage Learning Cengage Learning ng.cengage.com/static/nb/ui/evo/index.html?deploymentld=6027871822093185781156284196&elSBN=9780357131596&id=13... ☆ CENGAGE MINDTAP Q Search this course MARY ANGELEEN v Problem Set 4 i omework Help Questions 1 Question 3 of 20 ► Corey_week 4 assignme 1. Kaitlynn Corey Week 4 aka assignment 1. Consider 2. A-Z following hypothesis te 3. According to the University of Nevada Center for Logistics Management, 12% of all merchandise sold in the United States gets returned. A Houston A sample of 40 provide department store sampled 120 items sold in January and found that 11 of the items were returned. a . O Office 4. sample mean of 26.4. T a. Construct a point estimate of the proportion of items returned for the population of sales transactions at the Houston store. 5. (to 4 decimals) gers Univ BUSINESS 136:287 • 16 views 6. b. Construct a 99% confidence interval for the proportion of returns at the Houston store. 7. ) (to 4 decimals) 8. 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 9. answer. NE ocument Since the confidence interval - Select your answer - v 0.12, we conclude that the return rate for the Houston store - Select your answer - the U.S. 10. EXERCISE FOR HYPOT national return rate. 11. EXERCISE FOR 12. HYPOTHESIS TESTING Consider the following 13. hypothesis test: HO : µ Ha : µ > 25 A sample of 14. 15. 16. 0= Icon Key ona State Univ MAT 11508 • 10 views 17. not processed.png Show All boument 10 KEYNOTE NOV PAGES 16 关
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MARY ANGELEEN v
Problem Set 4
omework Help
2.
Corey_week 4 assignme
3.
Kaitlynn Corey Week 4
aka
4.
Consider the following hypothesis test:
assignment 1. Consider
Ho: µ = 18
A-Z
5.
following hypothesis te
Ha: µ # 18
6.
A sample of 40 provide
a .
A sample of 48 provided a sample mean a =
17 and a sample standard deviation s = 4.4. Enter negative values as negative numbers.
O Office
sample mean of 26.4. T
7.
a. Compute the value of the test statistic (to three decimal places).
8.
gers Univ BUSINESS 136:287 • 16 views
9.
b. Use the t distribution table (Table 2 in Appendix B) to compute a range for the p-value (to two decimal places).
10.
p-value is between
and
С. At a 3
:0.05, what is your conclusion?
11.
p-value is
Ho.
NE ocument
- Select your answer -
12.
d. What is the rejection rule using the critical value?
13.
EXERCISE FOR HYPOT
Reject Ho if t is
- Select your answer -
v or t js
- Select your answer -
14.
EXERCISE FOR
What is your conclusion (to three decimal places)?
HYPOTHESIS TESTING
15.
t =
- Select your answer -
v Ho.
Consider the following
16.
hypothesis test: HO : µ
Ha: µ > 25 A sample of
17.
18.
0= Icon Key
ona State Univ MAT 11508
19.
20.
not processed.png
Show All
boument
10
KEYNOTE
NOV
PAGES
16 A
关
Transcribed Image Text:Chrome File Edit View History Bookmarks Profiles Tab Window Help 58% [4) Tue 7:27 PM Answered: a. For Rite Aid, is th X f Facebook MindTap - Cengage Learning Cengage Learning ng.cengage.com/static/nb/ui/evo/index.html?deploymentld=6027871822093185781156284196&elSBN=9780357131596&id=13... ☆ CENGAGE MINDTAP Q Search this course MARY ANGELEEN v Problem Set 4 omework Help 2. Corey_week 4 assignme 3. Kaitlynn Corey Week 4 aka 4. Consider the following hypothesis test: assignment 1. Consider Ho: µ = 18 A-Z 5. following hypothesis te Ha: µ # 18 6. A sample of 40 provide a . A sample of 48 provided a sample mean a = 17 and a sample standard deviation s = 4.4. Enter negative values as negative numbers. O Office sample mean of 26.4. T 7. a. Compute the value of the test statistic (to three decimal places). 8. gers Univ BUSINESS 136:287 • 16 views 9. b. Use the t distribution table (Table 2 in Appendix B) to compute a range for the p-value (to two decimal places). 10. p-value is between and С. At a 3 :0.05, what is your conclusion? 11. p-value is Ho. NE ocument - Select your answer - 12. d. What is the rejection rule using the critical value? 13. EXERCISE FOR HYPOT Reject Ho if t is - Select your answer - v or t js - Select your answer - 14. EXERCISE FOR What is your conclusion (to three decimal places)? HYPOTHESIS TESTING 15. t = - Select your answer - v Ho. Consider the following 16. hypothesis test: HO : µ Ha: µ > 25 A sample of 17. 18. 0= Icon Key ona State Univ MAT 11508 19. 20. not processed.png Show All boument 10 KEYNOTE NOV PAGES 16 A 关
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