A company believes that it gains more than 30% of the total market share for ts products. To prove this belief, a random sample of 150 purchases of this product is contacted. In order to reject the null hypothesis at α= 0.05, out of 150 purchases, how many would need to purchase this company’s brand of the product

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter9: Counting And Probability
Section9.3: Binomial Probability
Problem 2E: If a binomial experiment has probability p success, then the probability of failure is...
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A company believes that it gains more than 30% of the total market share for ts products. To prove this belief, a random sample of 150 purchases of this product is contacted. In order to reject the null hypothesis at α= 0.05, out of 150 purchases, how many would need to purchase this company’s brand of the product?

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