Question: A comic book store owner is getting a bit annoyed with the people who browse but don't buy anything. He guesses that less than a
A comic book store owner is getting a bit annoyed with the people who browse but don't buy anything. He guesses that less than a quarter of the people who enter his store actually wind up making a purchase. He selects a random sample of 53 customers and notes that only 10 of them buy something from the store. Using a significance level of .05, test the store owner's claim that less than 25% of the people who enter the store make a purchase. In order to receive credit, you must report the p-value
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
