An Electronics Store Purchases a Certain Video Game from the Manufacturer

question 31

Multiple Choice

An electronics store purchases a certain video game from the manufacturer for $10 per unit. The store sells the game at a mark-up of 80% over the purchase price. You found a coupon, offered in the local newspaper, which will reduce the price by 10%. How much money would the store profit if you purchased the video game using the coupon? Give your answer as a decimal rounded to the nearest hundredth.

• A) $6.20
• B) $8.50
• C) $4.40
• D) $7.70
• E) None of the above.

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Definitions:

Appropriate Statistic

An appropriate statistic refers to the selection of suitable statistical methods or tests that are fit to analyze the given data effectively.

Alternative Hypothesis

In hypothesis testing, the hypothesis that proposes a specific relationship between variables, opposed to the null hypothesis.

Non-directional Null Hypothesis

A type of null hypothesis that states there is no difference or effect, without specifying the direction of the difference or effect.

Directional Alternative Hypothesis

A type of alternative hypothesis that specifies the direction of the anticipated difference or effect between groups or variables.