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The manufacturer of an MP3 player wanted to know whether a 10% reduction in price is enough to increase the sales of its
Posted: Sun Jul 10, 2022 10:19 am
by answerhappygod
- The Manufacturer Of An Mp3 Player Wanted To Know Whether A 10 Reduction In Price Is Enough To Increase The Sales Of Its 1 (45.02 KiB) Viewed 92 times
The manufacturer of an MP3 player wanted to know whether a 10% reduction in price is enough to increase the sales of its product. To investigate, the owner randomly selected 8 outlets and sold sold the MP3 player at the reduced price. At 7 randomly selected outlets, the MP3 player was sold at the regular price. If we assume that the data are not normally distributed. At the .02 significance level, can the manufacturer conclude that there is a difference in sales between the two populations?
Question to address here: what is the critical value of the test? Regular price 13812188 11514112596 Reduced price 128 134152135114106121120 Select one: Oa. 2.58 Ob. 2.04 Oc. 2.57 Od. 2.05 Oe. 2.33