Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

Assignment: HW 6 Assignment Score: 61.45% Save Submit Assignment for Grading Questions Exercise 09.42 Algo (Population Proportion) Question 18 of 18 A-Z 16. Check

image text in transcribed

Assignment: HW 6 Assignment Score: 61.45% Save Submit Assignment for Grading Questions Exercise 09.42 Algo (Population Proportion) Question 18 of 18 A-Z 16. Check My Work 17. 18. According to the University of Nevada Center for Logistics Management, 10% of all merchandise sold in the United States gets returned. A Houston department store sampled 100 items sold in January and found that 11 of the items were returned. a. Construct a point estimate of the proportion of items returned for the population of sales transactions at the Houston store. (to 4 decimals) b. Construct a 90% confidence interval for the proportion of returns at the Houston store. ( ) (to 4 decimals) c. Is the proportion of returns at the Houston store significantly different from the returns for the nation as a whole? Provide statistical support for your answer. Since the confidence interval -Select your answer-0.10, we conclude that the return rate for the Houston store-Select your answer the U.S. national return rate. Icon Key Check My Work Exercise 09.42 Algo (Population Proportion) Save Question 18 of 18 Submit Assignment for Grading

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Precalculus

Authors: Jay Abramson

1st Edition

9781938168345

Students also viewed these Mathematics questions