The following hypotheses are given H0 70 H1
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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