Most people have returned clothing or other items to stores. Many clothes are returned to stores...

Most people have returned clothing or other items to stores. Many clothes are returned to stores after the holidays (e.g., Christmas). Acme holding company is particularly interested in the clothes that have been returned after the holidays. They require their stores to keep records of the number of returned clothing items after the holidays. Acme’s corporate office is worried about a store it recently purchased called Stylish. Stylish seems to have a high proportion of returns for clothing items compared to a similar store, called Fashionista, in a similar neighborhood. After the last holiday season, the Stylish store had 130 returns of clothing items out of total sales of 950 clothing items. The other store, Fashionista, had 70 returns of clothing items out of total sales of 650 items. Assume that these are random samples that are representative of the population and the normal criteria are met.

Part A) Test the claim at the 5% significance level that the Stylish store has a higher proportion of returns for clothing items than the Fashionista store. Be sure you show work for each step.

Part B) Is there statistical evidence at the 1% significance level that the Stylish store has a higher proportion of returns for clothing items than the Fashionista store? Why or why not?

Expert Solution

orchestra answered 2 years ago

How are online stores going to change the age of shopping in-store? Many people don't have...

How are online stores going to change the age of shopping in-store? Many people don't have time to go shopping anymore so online stores are very convenient to shop. More and more stores are closing there store front and just becoming a online business. Is this a smart route to go

Many of the symptoms in anxiety and related disorders overlap with experiences most people have. For...

Many of the symptoms in anxiety and related disorders overlap with experiences most people have. For example, anxiety is a normal experience in many situations, such as giving a speech. What features differentiate someone with a disorder versus someone without?

In our society, we have people from many other countries with many different backgrounds, education, culture,...

In our society, we have people from many other countries with many different backgrounds, education, culture, and skills. As such, they can be identified in many different diverse group sets. Diversity is referred to as, “A characteristic of a group or organization whose members differ from one another along one or more important dimensions, such as age, gender, or ethnicity” (Griffin, 2016, p. 244). As businesses hire people to help in the manufacturing of goods or the provision of services,...

Many of the symptoms in anxiety and related disorders overlap with experiences most people have. What...

Many of the symptoms in anxiety and related disorders overlap with experiences most people have. What features differentiate someone with a disorder versus someone without?

What other examples can you think of where most people have more or less than the...

What other examples can you think of where most people have more or less than the average? This is true of most things with a non-symmetric distribution (e.g., weight, math scores, marathon times) but it is nice to continue the theme of the video in terms of risk (e.g., most have below average risk of a automobile accident, death by violence, or even, say, getting a date).

Most people like the color blue; it is the favorite color of many people. Do we...

Most people like the color blue; it is the favorite color of many people. Do we like blue because we associate it with activities we have enjoyed under a blue sky? Maybe we choose blue cars and blue shirts because we are classically conditioned to respond favorable to blue. What is the unconditioned stimulus? What is the unconditioned response? What is the conditioned stimulus? What is the conditioned response? Why do we like blue cars and blue shirts? Many people...

Consider Walgreens. Most of their stores are leased from corporate owners, REITs or other entities. ...

Consider Walgreens. Most of their stores are leased from corporate owners, REITs or other entities. a. What does Walgreens gain by leasing and not owning? b. What do they lose?

The Smart Dresser Company operates a chain of 35 clothing stores that have traditionally targeted baby...

The Smart Dresser Company operates a chain of 35 clothing stores that have traditionally targeted baby boomers working in the business world. Two years ago, the board of directors of The Smart Dresser, experiencing declining sales and profits recognized that the demographics were changing and they needed to adapt to a more youthful shopper. The Smart Dresser Company is considering a large-scale remodeling of its stores and a change in its clothing line. Before undertaking this change across the entire...

Assume that you are considering developing a nationwide chain of women's clothing stores. You have contacted...

Assume that you are considering developing a nationwide chain of women's clothing stores. You have contacted a Seattle-based firm that specializes in financing new business ventures and enterprises. Such firms, called venture capital firms, finance new businesses in exchange for a percentage of the ownership. -Discuss the different business emphases that you might use in your venture. -For each emphasis you listed in (1), provide an example of a real-world business using the same emphasis. -What percentage of the ownership...

Many people select nursing as a career because they enjoy “taking care of” other people. Orem's...

Many people select nursing as a career because they enjoy “taking care of” other people. Orem's conceptual model of nursing focuses on individuals with limited abilities to provide continuing self-care or care of dependent others. Describe the difference between “taking care of people” as a general term and professional nursing practice directed toward helping people meet their own and their dependent others’ therapeutic self-care demands.

Question