MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Harper's Index reported that 80% of all supermarket prices end in the digit 9 or 5. Suppose you check a random sample of 112 items in a supermarket and find that 87 have prices that end in 9 or 5. Does this indicate that fewer than 80% of the prices in the store end in the digits 9 or 5? Use α = 0.05.
1. What is the value of the sample test statistic? (Round your answer to two decimal places.)
2. Find the P-value of the test statistic. (Round your answer to four decimal places.)
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