Refer to Exercise 4. You want to set up a test for the following hypotheses: H 0

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Refer to Exercise 4. 

You want to set up a test for the following hypotheses: H0: π = .65 Ha: π ≠ .65. You will have a random sample of 225 population members to make your decision.

a. Compute the pvalue for the .69 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 .05? Explain.
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Understanding Business Statistics

ISBN: 978-1118145258

1st edition

Authors: Stacey Jones, Tim Bergquist, Ned Freed

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