CH 9.42 – Merchandise Sold Gets Returned; A Department Store in a Certain City Sampled

Essentials of Statistics for Business & Economics WebAssign

Anderson, Sweeney, Williams, Camm, and Cochran

09th Edition

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Construct a point estimate of the proportion of items returned for the population of sales transactions at the store in the given city. Construct a confidence interval for the proportion of returns. Develop appropriate hypotheses, find the test statistic, p-value, and conclusion.

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