STATISTICAL TECHNIQUES IN BUS.+ECON.
STATISTICAL TECHNIQUES IN BUS.+ECON.
18th Edition
ISBN: 9781260239478
Author: Lind
Publisher: RENT MCG
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Chapter 15, Problem 1E

The following hypotheses are given.

H 0 : π .70 H 1 : π > .70

A sample of 100 observations revealed that p = .75. At the .05 significance level, can the null hypothesis be rejected?

  1. a. State the decision rule.
  2. b. Compute the value of the test statistic.
  3. c. What is your decision regarding the null hypothesis?
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STATISTICAL TECHNIQUES IN BUS.+ECON.

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