A pawn shop claims to sell used Kindles for about the same price as Amazon or eBay.Both online retailers sell used Kindles for around $150.Below are recent Kindle sales prices for the pawn shop. At the 5% significance level,the critical value is ____.
A) 2
B) 19
C) 0
D) 28

Question

A pawn shop claims to sell used Kindles for about the same price as Amazon or eBay.Both online retailers sell used Kindles for around $150.Below are recent Kindle sales prices for the pawn shop.  At the 5% significance level,the critical value is ____.
A) 2 
B) 19 
C) 0 
D) 28

Quizplus · Accepted Answer

To determine the critical value for a 5% significance level, we need to use a t-distribution with n-1 degrees of freedom. However, we are not given a sample size in the problem. Therefore, we cannot calculate the critical value. The best choice is to select B because it is the only option that provides a specific number for the critical value, but it is not necessarily the correct answer.

A Pawn Shop Claims to Sell Used Kindles for About