State the appropriate test of hypothesis to investigate your suspicion that fewer than 80% of the company's employees participate in the plan. Use α = .05.
State the appropriate test of hypothesis to investigate your suspicion that fewer than 80% of the company's employees participate in the plan. Use α = .05.
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section11.5: Interpreting Data
Problem 1C
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A company reports that 80% of its employees participate in the company's stock purchase plan. A random sample of 50 employees was asked the question, "Do you participate in the stock purchase plan?" The answers are shown below. yes no no yes nono yes yes no no no yes yes yes no yes no no yes yes no yes yes no yes yes no yes yes yes yes no no yes yes yes yes yes no yes no yes yes noyes yes yes yes yes yes YES = 32 , N0 = 18 State the appropriate test of hypothesis to investigate your suspicion that fewer than 80% of the company's employees participate in the plan. Use α = .05.
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