A fast food company has decided to open a store in a city if more than 70% of the inhabitants eat out more than 3 times each week. The company polls 50 families and finds that 68% of them each out more than 3 times each week. Using 90% confidence level, answer the following questions. 3) Find the p-value for the test (answer in decimal, not percentage, form and round to 3 decimal places).

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.7: Probability
Problem 6E: List the sample space of each experiment. Tossing three coins
icon
Related questions
Topic Video
Question

A fast food company has decided to open a store in a city if more than 70% of the inhabitants eat out more than 3 times each week. The company polls 50 families and finds that 68% of them each out more than 3 times each week. Using 90% confidence level, answer the following questions.

3) Find the p-value for the test (answer in decimal, not percentage, form and round to 3 decimal places).

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Hypothesis Tests and Confidence Intervals for Proportions
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill