Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

he South African Department of Health is concerned that the average percentage mark-up on a particular vitamin products during the dawn of covid-19 pandemic is

he South African Department of Health is concerned that the average percentage mark-up on a particular vitamin products during the dawn of covid-19 pandemic is 51% or more. To test their concern, they sampled 86 pharmacies that sell the product, and found that the mean percentage mark-up was 48.1%. Assume that the population standard deviation of the percentage mark- up is 14.7%.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Essentials Of College Algebra

Authors: Margaret L Lial, John E Hornsby, David I Schneider, Callie Daniels

11th Edition

ISBN: 0321912241, 9780321912244

More Books

Students also viewed these Mathematics questions