Question: 17. Store Checkout Scanner Accuracy In a study of store checkout scanners, 1234 items were checked and 20 checked items were found to be overcharges,
17. Store Checkout Scanner Accuracy In a study of store checkout scanners, 1234 items were checked and 20 checked items were found to be overcharges, and 1214 checked items were not overcharges (based on data from “UPC Scanner Pricing Systems: Are They Accurate?” by Goodstein, Journal of Marketing, Vol. 58). Use a 0.05 significance level to test the claim that with scanners, 1% of sales are overcharges. (Before scanners were used, the overcharge rate was estimated to be about 1%.) Based on these results, do scanners appear to help consumers avoid overcharges?
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