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.
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.
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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