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. Using the p-value approach and α = 0.05,the appropriate conclusion is ______________________________________.
A) to reject the null hypothesis;we cannot conclude the median sale price is greater than $150
B) do not reject the null hypothesis;we cannot conclude the median sale price is greater than $150
C) do not reject the null hypothesis;conclude the median sale price is greater than $150
D) reject the null hypothesis;conclude the median sale price is greater than $150

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.  Using the p-value approach and α = 0.05,the appropriate conclusion is ______________________________________.
A) to reject the null hypothesis;we cannot conclude the median sale price is greater than $150 
B) do not reject the null hypothesis;we cannot conclude the median sale price is greater than $150 
C) do not reject the null hypothesis;conclude the median sale price is greater than $150 
D) reject the null hypothesis;conclude the median sale price is greater than $150

Quizplus · Accepted Answer

The Answer of 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.  Using the p-value approach and α = 0.05,the appropriate conclusion is ______________________________________.
A) to reject the null hypothesis;we cannot conclude the median sale price is greater than $150 
B) do not reject the null hypothesis;we cannot conclude the median sale price is greater than $150 
C) do not reject the null hypothesis;conclude the median sale price is greater than $150 
D) reject the null hypothesis;conclude the median sale price is greater than $150

A Pawn Shop Claims to Sell Used Kindles for About