When the Necessary Conditions Are Met, a Two-Tail Test Is

question 8

Multiple Choice

When the necessary conditions are met, a two-tail test is being conducted to test the difference between two population proportions. If the value of the test statistic is 2.05, then the p-value is:

• A) 0.4798
• B) 0.0404
• C) 0.2399
• D) 0.0202
• E) 0.1982

---

Definitions:

Final Selling Price

The last price at which a product or service is sold to a customer, including all discounts, promotions, and negotiations.

Retailer's Cost

The total expense incurred by a retailer to purchase goods for resale, including purchase price, shipping, and handling.

Maintained Markup

Maintained markup refers to the percentage difference between the retail price and the cost of goods sold, maintained over a period for the purpose of covering expenses and achieving profit margins.

Retailer's Cost

The purchase price paid by retailers to obtain products for sale, excluding any additional expenses like shipping or handling.