Exhibit 20

question 4

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 p-value approach and ,the appropriate conclusion is:

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

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Definitions:

Returns

A term referring to the profit or loss generated on an investment over a specified period.

Dividend Yield

A ratio indicating the annual dividends a company distributes in relation to its share price.

Capital Gain

The profit earned from the sale of an asset or investment when it sells for more than its purchase price.

Geometric Average Return

A method of calculating the average rate of return on an investment over time that accounts for compounding.