Question: Refer to Exercise 1 You want to set up a

Refer to Exercise 1.
You want to set up a test for the following hypotheses: H0: π > .4 Ha: π < .4 You will have a random sample of 200 population members to make your decision.
a. Compute the pvalue for the .365 sample result and explain what it means.
b. Use the pvalue from part a to decide whether you will reject the null hypothesis. Explain your decision.
c. Would you reject the null hypothesis if the significance level was .01? Explain



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