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Question A retail marketer is studying customer service trends. They would like to test the claim that the percent of companies that view customer experience as the most vital component of a growing business is different than 50%. They decide to complete a hypothesis test at a 10% significance level. They sample 50 companies, and determine the sample percent to be 40%. The following is the data from this study: Sample size = 50 companies Sample proportion = 0.40 Identify the null and alternative hypothesis for this study by filling in the blanks with the correct symbol (=,,<, or > to represent the correct hypothesis.) Provide your answer below: null hypothesis: p 0.50 alternative hypothesis: p 0.50 Question A retail marketer is studying customer service trends. They would like to test the claim that the percent of companies that view customer experience as the most vital component of a growing business is different than 50%. They decide to complete a hypothesis test at a 10% significance level. They sample 50 companies, and determine the sample percent to be 40%. The following is the data from this study: Sample size = 50 companies Sample proportion = 0.40 Identify the null and alternative hypothesis for this study by filling in the blanks with the correct symbol (=,,<, or > to represent the correct hypothesis.) Provide your answer below: null hypothesis: p 0.50 alternative hypothesis: p 0.50
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First step is to list out all the needed details Population proportion P 50 0... View the full answer
Related Book For
Modern Business Statistics With Microsoft Excel
ISBN: 9781337115186
6th Edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Posted Date:
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