Some People Who Bought X-Game Gaming Systems Complained About Having

question 52

Essay

Some people who bought X-Game gaming systems complained about having received defective systems.The industry standard for such gaming systems has been 98% non-defective systems.In a sample of 120 units sold, 6 units were defective.
a.
Compute the proportion of defective items in the sample.
b.
b.
Compute the standard error of .
c.
At a 5% level of significance using the critical value approach, test to see if the percentage of defective systems produced by X-Game has exceeded the industry standard.
d.
Show that the p-value approach results in the same conclusion as that of part

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Definitions:

Cost-Plus Pricing

A sales tactic where the final selling price is set by adding a predetermined extra percentage to the cost of the product.

Market Share

The portion of a market controlled by a particular company or product, often expressed as a percentage.

Product's Image

The public perception or reputation of a product as shaped by branding, marketing, and customer experiences.

Price Cutting Campaign

A marketing strategy involving the reduction of prices of goods or services to attract more customers or drive sales volume.