The owner of prices limited claims that 75 of all the, Ask an Expert

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The owner of Prices Limited claims that 75% of all the itmens in the store are less than $5. suppose that you check a random sample of 146 items in the store and find that 105 have prices less than $5. Does this indicate that the items in the store costing less than $5 is different from 75%?

b. Find critical value show problem

c. Compute the Z ot t value of the sample test statistic showing problem

d. Find the P value or an interval containing the P value for the sample test

e. Based on your answers for parts A-D what is your conclusion?

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Category:- Statistics and Probability
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