Exhibit 20

question 41

Multiple Choice

Exhibit 20.1.A pawn shop claims to sell used Kindles for about the same price as Amazon or eBay.Both online retailers sell used Kindles for around $150.Below are recent Kindle sales prices for the pawn shop. Refer to Exhibit 20.1.Using the critical value approach,the appropriate conclusion is:

• A)Reject the null hypothesis;conclude the median sale price is greater than $150
• B)Do not reject the null hypothesis,cannot conclude the median sale price is greater than $150
• C)Reject the null hypothesis,cannot conclude the median sale price is greater than $150
• D)Do not reject the null hypothesis,conclude the median sale price is greater than $150

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Definitions:

Labor Force

The total number of people available for work, including both the employed and the unemployed.

Presidential Election

The process by which the president of a country is elected, typically involving a direct vote by the citizens or an electoral college system.

American Citizenship

The status of being a citizen of the United States, entitling one to rights, privileges, and duties under the U.S. Constitution and laws.

Puerto Ricans

Refers to the people from Puerto Rico or of Puerto Rican descent.