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3 years ago

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A shoe store charges a retail price of $39 for a certain type of sneaker. This retail price is 30% more than the amount it costs

the shoe store to buy one pair of these sneakers. At an end-of-the-year sale, sales associates can purchase any remaining sneakers at 20% off the shoe store’s cost. How much would it cost an employee to purchase a pair of sneakers of this type during the sale (excluding sales tax)?
$31.20
$25.00
$24.00
$21.84
$19.50

1 answer:

Vedmedyk [2.9K]3 years ago

4 0

The answer is $31.20

Hope this helped :)

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b) We are confident at 99% that the difference between the two proportions is between $-0.188 \leq p_B -p_A \leq 0.226$

Step-by-step explanation:

Previous concepts and data given

A confidence interval is "a range of values that’s likely to include a population value with a certain degree of confidence. It is often expressed a % whereby a population means lies between an upper and lower interval".

The margin of error is the range of values below and above the sample statistic in a confidence interval.

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

$p_A$ represent the real population proportion of women age 18 to 30 agreed with the statement that a woman should have the right to a legal abortion for any reason

$\hat p_A =\frac{26}{75}=0.347$ represent the estimated proportion of women age 18 to 30 agreed with the statement that a woman should have the right to a legal abortion for any reason

$n_A=75$ is the sample size for A

$p_B$ represent the real population proportion for women age 58 to 70 agreed with the statement that a woman should have the right to a legal abortion for any reason

$\hat p_B =\frac{21}{64}=0.328$ represent the estimated proportion of women age 58 to 70 agreed with the statement that a woman should have the right to a legal abortion for any reason

$n_B=64$ is the sample size required for B

$z$ represent the critical value for the margin of error and for the statisitc

The population proportion have the following distribution

$p \sim N(p,\sqrt{\frac{p(1-p)}{n}})$

Part a

We need to conduct a hypothesis in order to check if the proportion are equal, the system of hypothesis would be:

Null hypothesis: $p_{A} = p_{B}$

Alternative hypothesis: $p_{A} \neq p_{B}$

We need to apply a z test to compare proportions, and the statistic is given by:

$z=\frac{p_{A}-p_{B}}{\sqrt{\hat p (1-\hat p)(\frac{1}{n_{A}}+\frac{1}{n_{B}})}}$ (1)

Where $\hat p=\frac{X_{A}+X_{B}}{n_{A}+n_{B}}=\frac{26+21}{75+64}=0.338$

Calculate the statistic

Replacing in formula (1) the values obtained we got this:

$z=\frac{0.347-0.328}{\sqrt{0.338(1-0.338)(\frac{1}{75}+\frac{1}{64})}}=0.236$

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Part b

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$z_{\alpha/2}=2.58$

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$(0.347-0.328) + 2.58 \sqrt{\frac{0.347(1-0.347)}{75} +\frac{0.328(1-0.328)}{64}}=0.226$

And the 99% confidence interval for the difference of proportions would be given (-0.188;0.226).

We are confident at 99% that the difference between the two proportions is between $-0.188 \leq p_B -p_A \leq 0.226$

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