Mathematics, 09.05.2021 22:20 courtney5931

The owner of Prices Limited claims that 75% of all the items in the store cost less than $5. Suppose that you check a random sample of 146 items in the store and find that 105 cost less than $5. Does this indicate that the proportion of items in the store that cost less than $5 is different from 75%. Use a 5% level of significance (α = 0.05). Find the P-value for the test.

Select one:
a. 0.2327
b. 0.0975
c. 0.3898
d. 0.1949

Answers: 2

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The owner of Prices Limited claims that 75% of all the items in the store cost less than $5. Suppose...