A Pawn Shop Claims to Sell Used Kindles for About

question 103

Multiple Choice

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. Using the critical value approach and α = 0.05,the appropriate conclusion is _______________________________________________.

• A) to reject the null hypothesis;conclude the median sale price is greater than $150
• B) do not reject the null hypothesis;we cannot conclude the median sale price is greater than $150
• C) to reject the null hypothesis;we 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:

Acquisition

The act of one business securing the bulk or all of another company’s equity to take over control.

Shareholders

Individuals or entities that own shares in a corporation, thus holding a portion of the company's equity.

Proxy Contests

A competition for the proxy votes of shareholders, typically aimed at gaining control of the company's board of directors.