Question: University bookstores order books that instructors adopt for their courses
University bookstores order books that instructors adopt for their courses. The number of copies ordered catches the projected demand. However, at the end of the semester, the bookstore has too many copies on hand and must return them to the publisher. A bookstore has a policy that the proportion of books returned should be kept as small as possible. The average is supposed to be less than 10%. To see whether the policy is working, a random sample of book titles was drawn, and the fraction of the total originally ordered that are returned is recorded and listed here. Can we infer at the 10% significance level that the mean proportion of returns is less than10%?
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