The owner of Prices Limited claims that 75% of all the itmens in the store are less than $5. suppose that you check a random sample of 146 items in the store and find that 105 have prices less than $5. Does this indicate that the items in the store costing less than $5 is different from 75%?
b. Find critical value show problem
c. Compute the Z ot t value of the sample test statistic showing problem
d. Find the P value or an interval containing the P value for the sample test
e. Based on your answers for parts A-D what is your conclusion?