An electronics retailer believes that, at most, 40% of their cell phone inventory was sold during November. The retailer surveyed 80 dealers and found that 38% of the inventory was sold. Since 38% is less than 40%, is this difference of 2 percentage points sampling error or a significant difference? Test at the 0.05 level. The computed z= -0.37. Select one: a.We cannot determine if the 2% is a significant difference b.None of the other answers apply. c. The 2% is a significant difference d. There is not enough information to reach a conclusion.

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An electronics retailer believes that, at most, 40% of their cell phone inventory was sold during November. The retailer surveyed 80 dealers and found that 38% of the
inventory was sold. Since 38% is less than 40%, is this difference of 2 percentage points sampling error or a significant difference? Test at the 0.05 level. The computed
z= -0.37.
Select one:
a.We cannot determine if the 2% is a significant difference
b.None of the other answers apply.
c.The 2% is a significant difference
d.There is not enough information to reach a conclusion.
Transcribed Image Text:An electronics retailer believes that, at most, 40% of their cell phone inventory was sold during November. The retailer surveyed 80 dealers and found that 38% of the inventory was sold. Since 38% is less than 40%, is this difference of 2 percentage points sampling error or a significant difference? Test at the 0.05 level. The computed z= -0.37. Select one: a.We cannot determine if the 2% is a significant difference b.None of the other answers apply. c.The 2% is a significant difference d.There is not enough information to reach a conclusion.
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