For each of the following situations, write the null and alternative hypotheses in terms of parameter values.
Question:
a) A casino wants to know if their slot machine really delivers the 1 in 100 win rate that it claims.
b) A pharmaceutical company wonders if their new drug has a cure rate different from the 30% reported by the placebo.
c) A bank wants to know if the percentage of customers using their website has changed from the 40% that used it before their system crashed last week.
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Related Book For
Business Statistics
ISBN: 9780321925831
3rd Edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
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