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
Correct Answer:

Verified
Correct Answer:
Verified
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