A shoe store uses a 60% markup for all of the shoes it sells. What would be the selling price of a pair of shoes that has a who
2 answers:
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Answer:
a) P-value = 0.0968
b) P-value = 0.2207
c) P-value = 0.0239
d) P-value = 0.0040
e) P-value = 0.5636
Step-by-step explanation:
As the hypothesis are defined with a ">" sign, instead of an "≠", the test is right-tailed.
For this type of test, the P-value is defined as:
being z* the value for each test statistic.
The probability P is calculated from the standard normal distribution.
Then, we can calculate for each case:
(a) 1.30
(b) 0.77
(c) 1.98
(d) 2.65
(e) −0.16
