Perform the Indicated Sign Test $$\alpha = 0.05$$ $$\begin{array} { l l l l l l l l l l } 27 & 43 & 54 & 59 & 26 & 50 & 65 & 22 & 28 & 33 \\42 & 49 & 49 & 39 & 39 & 44 & 44 & 54 & 49 & 33\end{array}$$

question 14

Essay

Perform the indicated sign test. Be sure to do the following: Identify the claim mathematically and state the null and
alternative hypotheses. Determine the critical value and find the test statistic. Decide whether to reject or fail to reject
the null hypothesis and interpret the decision in the context of the original claim.
-A convenience store owner believes that the median number of lottery tickets sold per day is 44. A random
sample of 20 days yields the data below. Test the ownerʹs claim. Use $$\alpha = 0.05$$ $$\begin{array} { l l l l l l l l l l } 27 & 43 & 54 & 59 & 26 & 50 & 65 & 22 & 28 & 33 \\42 & 49 & 49 & 39 & 39 & 44 & 44 & 54 & 49 & 33\end{array}$$

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Definitions:

Independent Supply Chains

Systems or networks operating autonomously without reliance on or integration with external entities.

Highest Implied Uncertainty

A condition in decision-making where the highest level of uncertainty exists, making it challenging to predict outcomes accurately.

Customer Segments

The division of potential or existing customers into groups based on shared characteristics, to tailor marketing strategies and product offerings more effectively.

Supply Chain Responsiveness

The agility of a supply chain in responding to changes in demand, supply, and market conditions to maintain service levels and customer satisfaction.