Market research inc wants to know if shoppers are sensitive, Ask an Expert

Economics

Market Research, Inc., wants to know if shoppers are sensitive to the prices of items sold in a supermarket. A random sample of 802 shoppers was obtained, and 378 of those supermarket shoppers were able to state the correct price of an item immediately after putting it into their cart. Test at the 7% level the null hypothesis that at least one-half of all shoppers are able to state the correct price.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91867359

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