According to a research center, 17% of all merchandise sold in a particular country gets retumed. A department store in

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According To A Research Center 17 Of All Merchandise Sold In A Particular Country Gets Retumed A Department Store In 1 (27.14 KiB) Viewed 44 times

According to a research center, 17% of all merchandise sold in a particular country gets retumed. A department store in a certain city sampled 80 items sold in January and found that 24 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 (Round your answers to four decimal places) to (c) is the proportion of returns at the store in the given city significantly different from the returns for the country as a whole? Provide statistical support for your answer Develop appropriate hypotheses such that rejection of Ho will support the conclusion that the proportion of returns at the store in the given city is significantly different from the returns for the country as a whole H₂p<0.17 H₂P2017 MED17 N₂ P0.17 H₂p=0.17 M₂ +0.17 M₂017 M₂ P<0.17 HP 0.17 M017 Find the value of the test statistic (Round your answer to two decimal places) Find the p-value (Round your answer to four decimal places) value= Ata -0.01, what is your conclusion Reject H. There is sufficient evidence to conclude that the retum rate for the store in the given city is different than the country's national retum rate. Do not reject H There is insufficient evidence to conclude that the return rate for the store in the given city is different than the country's national return rate be not reject H There is sufficient evidence to conclude that the return rate for the store in the given city is efferent than the country's national return rate Reject There is insufficient evidence to conclude that the return rate for the stare in the given city is different than the country's national return rate