Question

A company that has many department stores wanted to find the percentage of sales at two...

A company that has many department stores wanted to find the percentage of sales at two such stores for which at least one of the items was returned. A sample of 800 sales randomly selected from Store A showed that for 240 of them at least one item was returned. Another sample of 900 sales randomly selected from Store B showed that for 279 of them at least one item was returned.
a) Construct a 98% confidence interval for the difference between the proportions of all sales at the two stores for which at least one item is returned.
b) At 1% significance level, can you conclude that the proportions of all sales at the two stores for which at least one item is returned are different?

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Most people have returned clothing or other items to stores. Acme holding company is particularly interested...
Most people have returned clothing or other items to stores. Acme holding company is particularly interested in the clothes that have been returned after the winter holidays. It requires its stores to keep records of these clothes if they cost over $75.00. Acme’s corporate office is worried about a new store (N) it recently purchased. The store seems to have a high proportion of returns compared to an established store (E) in a similar neighborhood. After the last holiday season,...
Quadro Corporation has two supermarkets in a city. The company's quality control department wanted to check...
Quadro Corporation has two supermarkets in a city. The company's quality control department wanted to check if the customers are equally satisfied with the service provided at these two stores. A sample of 350 customers selected from Supermarket I produced a mean satisfaction index of 7.9 (on a scale of 1 to 10, 1 being the lowest and 10 being the highest) with a standard deviation of 0.82. Another sample of 380 customers selected from Supermarket II produced a mean...
You have been asked to study whether there are any differences in the proportions of stores...
You have been asked to study whether there are any differences in the proportions of stores that have experienced a return rate of the shirt over the recent period of at least 20% based upon the region of the country where the stores are located. Random samples of stores in four regions of the country are selected. The sample data concerning whether the store has experienced a return rate of at least 20% for the item over the given time-period...
To compare prices of two local stores, a random sample of items that are sold in...
To compare prices of two local stores, a random sample of items that are sold in both stores were selected and their price noted in the first weekend of the year: (12 marks) Item Store A Store B Difference (Store A - Store B) 1 1.65 1.99 -0.34 2 8.70 8.49 0.21 3 0.75 0.90 -0.15 4 1.05 0.99 0.06 5 11.30 11.99 -0.69 6 7.70 7.99 -0.29 What are the null and alternative hypothesis if we want to confirm...
To compare prices of two grocery stores in Toronto, a random sample of items that are...
To compare prices of two grocery stores in Toronto, a random sample of items that are sold in both stores were selected and their price noted in the first weekend of July 2018: (12 Points) Item Store A Store B Difference (Store A - Store B) 1 1.65 1.98 -0.33 2 8.70 8.49 0.21 3 0.75 0.89 -0.14 4 1.05 0.99 0.06 5 11.30 11.99 -0.69 6 7.70 7.99 -0.29 7 6.55 6.99 -0.44 8 3.70 3.59 0.11 9 8.60...
A local industrial company has two departments. In the larger department, about 45 sales invoices are...
A local industrial company has two departments. In the larger department, about 45 sales invoices are completed each day; in the smaller department about 15 invoices are completed each day. About 50% of all sales invoices completed in each department specify discounts from the company’s list prices. However, the exact percentage varies from day to day. Sometimes it may be higher than 50%, while other times it might be lower. For a period of one year, and for each department,...
To compare prices of two local stores, a random sample of items that are sold in...
To compare prices of two local stores, a random sample of items that are sold in both stores were selected and their price noted in the first weekend of the year: (6 marks) Item Store A Store B Difference (Store A - Store B) 1 1.65 1.99 -0.34 2 8.70 8.49 0.21 3 0.75 0.90 -0.15 4 1.05 0.99 0.06 5 11.30 11.99 -0.69 6 7.70 7.99 -0.29 What are the null and alternative hypothesis if we want to confirm...
BINOMIAL PROBABILITIES Big Box Store (BBS) has an annual rate of 4% of all sales being...
BINOMIAL PROBABILITIES Big Box Store (BBS) has an annual rate of 4% of all sales being returned. In a recent sample of thirty randomly selected sales the number of returns was five. BBS is concerned about the event, and your advice is solicited. FOR 4 – 9, OPEN THE EXCEL EXAM TWO FILE. THE SPREADSHEET FOR THIS PROBLEM IS FOUND ON SHEET TWO. COMPLETE AND SAVE YOUR WORK IN EXCEL AND ENTER THE SOLUTIONS BELOW. ((5) (2.5 points) What is...
Problem 16 Many retail stores have cash registers with price scanners, which use lasers to read...
Problem 16 Many retail stores have cash registers with price scanners, which use lasers to read barcode on packages. The barcode typically contains a UPC (uniform product code) number, which the cash register looks up in a database to find the item price. The scanners are very reliable, in the sense that they rarely make errors in reading the barcode. However, the price databases sometimes contain errors, which can result in overcharging or undercharging customers. Many of the pricing errors...
The owner of a chain of mini-markets wants to compare the sales performance of two of...
The owner of a chain of mini-markets wants to compare the sales performance of two of her stores, Store 1 and Store 2. Though the two stores have been comparable in the past, the owner has made several improvements to Store 1 and wishes to see if the improvements have made Store 1 more popular than Store 2. Sales can vary considerably depending on the day of the week and the season of the year, so she decides to eliminate...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT