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A Pawn Shop Claims to Sell Used Kindles for About

Question 108

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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. 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 p-value approach and α = 0.05,the appropriate conclusion is ______________________________________. A)  to reject the null hypothesis;we cannot 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)  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 Using the p-value approach and α = 0.05,the appropriate conclusion is ______________________________________.


A) to reject the null hypothesis;we cannot 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) 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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