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Many stores sell extended warranties for productsthey sell These are very lucrative for store owners.To learn more about who buys these warranties arandom sample of a store’s customers who

Many stores sell extended warranties for productsthey sell. These are very lucrative for store owners.To learn more about who buys these warranties arandom sample of a store’s customers who recentlypurchased a product for which an extended war-ranty was available was drawn. Among other vari-ables each respondent reported whether they paidthe regular price or a sale price and whether theypurchased an extended warranty.Regular price Sale priceSample size 229 178Number who bought extended warranty 47 25Can we conclude at the 10% significance level thatthose who paid the regular price are more likely tobuy an extended warranty

Jun 22 2020 View more View Less

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