Question: 3. A retailer has received a large shipment ofTV sets. He decided to reject the shipment provided there is evidence to suggest that the shipment

3. A retailer has received a large shipment ofTV sets. He decided to reject the shipment provided there is evidence to suggest that the shipment contains more than 5% non-acceptable items. The retailer found 14 non-acceptable items in a random selection of 160 items. At a 1% level of significance, what is the retailer's decision? Use the p-value approach

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