Mathematics, 17.10.2019 04:00 purplepanda69
The manufacturer of an mp3 player wanted to know whether a 10 percent reduction in price is enough to increase the sales of its product. to investigate, the owner randomly selected eight outlets and sold the mp3 player at the reduced price. at seven randomly selected outlets, the mp3 player was sold at the regular price. reported below is the number of units sold last month at the sampled outlets. regular price 134 125 86 111 118 129 97 reduced price 129 136 152 134 115 127 133 133 at the .050 significance level, can the manufacturer conclude that the price reduction resulted in an increase in sales? hint: for the calculations, assume the "reduced price" as the first sample.
Answers: 1
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The manufacturer of an mp3 player wanted to know whether a 10 percent reduction in price is enough t...
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