A Market Research Company Claims That 25% of All Customers

question 31

Multiple Choice

A market research company claims that 25% of all customers to a department store visit the shoe department. Suppose a department store conducts its own survey and finds that 79 out of 384 customers visit the shoe department.
-Calculate the p-value associated with the test statistic.

• A)0.0228
• B)0.0456
• C)0.1814
• D)0.3628
• E)0.4772

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Definitions:

Philosophical Understanding

The comprehensive knowledge or insight into topics related to philosophy, embracing concepts, theories, and foundational principles.

Practical Wisdom

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A state of peace and calm.

Hobbes

Refers to Thomas Hobbes, a 17th-century English philosopher known for his work in political philosophy, including his social contract theory.