Question

In: Statistics and Probability

According to the University of Nevada Center for Logistics Management, 12% of all merchandise sold in...

According to the University of Nevada Center for Logistics Management, 12% of all merchandise sold in the United States gets returned. A Houston department store sampled 110 items sold in January and found that 15 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. .1364 (to 4 decimals) B. Construct a 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. z-value (to 2 decimals) p-value (to 4 decimals).DO NOT REJECT the null. Yes, we DON'T HAVE enough evidence to prove that Houston is different from the national average.

Solutions

Expert Solution

Assuming alpha = 0.05

All answers in below pic

orchestra answered 2 years ago
Next > < Previous

Related Solutions

According to the University of Nevada Center for Logistics Management, 6% of all merchandise sold in...
According to the University of Nevada Center for Logistics Management, 6% of all merchandise sold in the United States gets returned. A Houston department store sampled 80 items sold in January and found that 10 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. 10/80 = .125 b. Construct a 90% confidence interval for the proportion of returns at the Houston store. ????,????...
According to the University of Nevada Center for Logistics Management, 6% of all merchandise sold in...
According to the University of Nevada Center for Logistics Management, 6% of all merchandise sold in the United States gets returned (BusinessWeek, January 15, 2007). A Houston department store sampled 80 items sold in January and found that 15 of the items were returned. a) Construct a 90% confidence interval for the proportion of returns at the Houston store. b) Is the proportion of returns at the Houston store significantly larger than the returns for the nation as a whole?...
According to a research center, 6% of all merchandise sold in a particular country gets returned....
According to a research center, 6% of all merchandise sold in a particular country gets returned. A department store in a certain city sampled 80 items sold in January and found that 12 of the items were returned. A. Construct a point estimate of the proportion of items returned for the population of sales transactions at the store in the given city. B. Construct a 95% confidence interval for the proportion of returns at the store in the given city....
The management of Mecca Copy, a photocopying center located on University Avenue, has compiled the following...
The management of Mecca Copy, a photocopying center located on University Avenue, has compiled the following data to use in preparing its budgeted balance sheet for next year: Ending Balances Cash ? Accounts receivable $ 8,500 Supplies inventory $ 4,700 Equipment $ 36,000 Accumulated depreciation $ 14,600 Accounts payable $ 2,200 Common stock $ 5,000 Retained earnings ? The beginning balance of retained earnings was $32,000, net income is budgeted to be $16,300, and dividends are budgeted to be $2,700....
The management of Mecca Copy, a photocopying center located on University Avenue, has compiled the following...
The management of Mecca Copy, a photocopying center located on University Avenue, has compiled the following data to use in preparing its budgeted balance sheet for next year: Ending Balances Cash ? Accounts receivable $ 8,100 Supplies inventory $ 3,200 Equipment $ 34,000 Accumulated depreciation $ 16,000 Accounts payable $ 1,800 Common stock $ 5,000 Retained earnings ? The beginning balance of retained earnings was $28,000, net income is budgeted to be $11,500, and dividends are budgeted to be $4,800....
The management of Mecca Copy, a photocopying center located on University Avenue, has compiled the following...
The management of Mecca Copy, a photocopying center located on University Avenue, has compiled the following data to use in preparing its budgeted balance sheet for next year: Ending Balances Cash ? Accounts receivable $ 8,100 Supplies inventory $ 3,200 Equipment $ 34,000 Accumulated depreciation $ 16,000 Accounts payable $ 1,800 Common stock $ 5,000 Retained earnings ? The beginning balance of retained earnings was $28,000, net income is budgeted to be $11,500, and dividends are budgeted to be $4,800....
The management of Mecca Copy, a photocopying center located on University Avenue, has compiled the following...
The management of Mecca Copy, a photocopying center located on University Avenue, has compiled the following data to use in preparing its budgeted balance sheet for next year: Ending Balances Cash ? Accounts receivable $ 9,800 Supplies inventory $ 4,000 Equipment $ 42,500 Accumulated depreciation $ 17,200 Accounts payable $ 3,500 Common stock $ 5,000 Retained earnings ? The beginning balance of retained earnings was $34,000, net income is budgeted to be $18,100, and dividends are budgeted to be $4,100....
The management of Mecca Copy, a photocopying center located on University Avenue, has compiled the following...
The management of Mecca Copy, a photocopying center located on University Avenue, has compiled the following data to use in preparing its budgeted balance sheet for next year: Ending Balances Cash ? Accounts receivable $ 8,500 Supplies inventory $ 4,700 Equipment $ 36,000 Accumulated depreciation $ 14,600 Accounts payable $ 2,200 Common stock $ 5,000 Retained earnings ? The beginning balance of retained earnings was $32,000, net income is budgeted to be $16,300, and dividends are budgeted to be $2,700....
The following transactions were selected from the records of Evergreen Company: July 12 Sold merchandise to...
The following transactions were selected from the records of Evergreen Company: July 12 Sold merchandise to Wally Butler, who paid the $1,060 purchase with cash. The goods cost Evergreen Company $630. 15 Sold merchandise to Claudio’s Chair Company at a selling price of $5,060 on terms 3/10, n/30. The goods cost Evergreen Company $3,530. 20 Sold merchandise to Otto’s Ottomans at a selling price of $3,030 on terms 3/10, n/30. The goods cost Evergreen Company $1,930. 23 Received cash from...
The following transactions were selected from the records of Evergreen Company: July 12 Sold merchandise to...
The following transactions were selected from the records of Evergreen Company: July 12 Sold merchandise to Wally Butler, who paid the $1,140 purchase with cash. The goods cost Evergreen Company $670. 16 Sold merchandise to Claudio’s Chair Company at a selling price of $5,140 on terms 3/10, n/30. The goods cost Evergreen Company $3,570. 19 Sold merchandise to Otto’s Ottomans at a selling price of $3,070 on terms 3/10, n/30. The goods cost Evergreen Company $1,970. 23 Received cash from...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT