A store manager claims that \( 60 \% \) of shoppers who enter her store make a purchase. To investigate this claim, she selects a random sample of 40 customers and finds that \( 40 \% \) of them make a purchase. She wants to know if the data provide convincing evidence that the true proportion of all customers entering her store who make a purchase differs from \( 60 \% \). What are the values of the test statistic and \( P \)-value for this test? Find the \( z \)-table here. \[ \begin{array}{l}z=-2.58, P \text {-value }=0.0049 \\ z=-2.58, P \text {-value }=0.0098 \\ z=2.58, P \text {-value }=0.0049 \\ z=2.58, P \text {-value }=0.0098\end{array} \]
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To test the store manager's claim, we first calculate the test statistic using the formula for the one-sample z-test for proportions. The observed proportion (\( \hat{p} \)) of customers making a purchase is \( 0.40 \), while the claimed proportion (\( p_0 \)) is \( 0.60 \). The formula for the test statistic \( z \) is: \[ z = \frac{\hat{p} - p_0}{\sqrt{\frac{p_0(1 - p_0)}{n}}} \] where \( n = 40 \). Calculating the standard error: \[ SE = \sqrt{\frac{0.60(1 - 0.60)}{40}} = \sqrt{\frac{0.60 \times 0.40}{40}} = \sqrt{\frac{0.24}{40}} \approx 0.0775 \] Now substituting the values into the \( z \) formula: \[ z = \frac{0.40 - 0.60}{0.0775} \approx \frac{-0.20}{0.0775} \approx -2.58 \] Now, we need to find the \( P \)-value for \( z = -2.58 \). Looking this value up in the \( z \)-table (or using a standard normal distribution calculator), we find that a \( z \) of -2.58 corresponds to a \( P \)-value of approximately \( 0.0049 \) for a two-tailed test. Thus, the values are \( z = -2.58 \) and \( P \)-value = \( 0.0049 \).