The owner of Prices Limited claims that 75% of all items in the store are less than $5. Suppose you check a random sample of 146 items and find that 105 have prices less than $5.Test the claim at the .01 level of significance. * 1 point 10. Compute the value of the test statistic. (a) t=-0.86 (b) t=-0.73 (c) z=-0.73 (d) z 0.86 (e) z=-0.86 O D O A O B O E O c
The owner of Prices Limited claims that 75% of all items in the store are less than $5. Suppose you check a random sample of 146 items and find that 105 have prices less than $5.Test the claim at the .01 level of significance. * 1 point 10. Compute the value of the test statistic. (a) t=-0.86 (b) t=-0.73 (c) z=-0.73 (d) z 0.86 (e) z=-0.86 O D O A O B O E O c
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Transcribed Image Text:Darius Jackson - St
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The owner of Prices Limited claims that 75% of all items in the store are
1 point
less than $5. Suppose you check a random sample of 146 items and find
that 105 have prices less than $5.Test the claim at the .01 level of
significance. *
10. Compute the value of the test statistic.
(a) t=-0.86
(b) t=-0.73
(c) z=-0.73
(d) z= 0.86
(e) z=-0.86
O E
The owner of Prices Limited claims that 75% of all items in the store are
1 point
less than $5. Suppose you check a random sample of 146 items and find
that 105 have prices less than $5.Test the claim at the .01 level of
significance.
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