The following hypotheses are given. H0: = .70 H1: .70 A sample of 120
Question:
The following hypotheses are given.
H0: π = .70
H1: π ≠ .70
A sample of 120 observations revealed that ρ = .30. At the .05 significance level, can the null hypothesis be rejected?
a. State the decision rule.
b. Compute the value of the test statistic.
c. What is your decision regarding the null hypothesis?
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Related Book For
Statistical Techniques in Business and Economics
ISBN: 978-0078020520
16th edition
Authors: Douglas Lind, William Marchal
Question Posted:
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