Question #8
In a study of 25 local gyms, the average membership price was $27.59 per month. After a year, the average price had increased to
$27.74 per month.
Does this study have practical significance?
-No, because there is not enough information given to make a conclusion.
-Yes, because the increase in price is very small.
-No, because the increase has almost no impact on the customer.
-Yes, because the increase has an impact on the customer.