Mathematics, 24.04.2020 03:46, Lugo7006

6% of all merchandise purchased at department stores nationally is returned. Your store did a sample o 100 purchased items and found that 11 of the items were returned. You want to see if your store has a return significantly different from the national average with a significance level of 0.05. rate that is :

1.For each number in the problem, give the appropriate mathematical symbol associated with that number
a. 696-.06-
b.100

2.What is the point estimate of the proportion of items returned at your store?
3.State the null and alternative hypotheses.
4.Compute the value of the test statistic
5.Find the p-value.
6.What is your conclusion in statistical terms?
7.What is your conclusion in business terms?

Answers: 2

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6% of all merchandise purchased at department stores nationally is returned. Your store did a sample...