The head of the accounting department randomly examined some accounting entries and was upset with the high
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The head of the accounting department randomly examined some accounting entries and was upset with the high proportion of incorrect invoices. He instituted a new system to keep the proportion of bad invoices below 0.1 %.
A year later, 10,000 invoices were randomly examined and six were found to be incorrect. Can this manager reject the null hypothesis that the proportion of bad invoices is 0.1 %? Do a 5 % level of significance test.
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Related Book For
Statistics For Business And Financial Economics
ISBN: 9781461458975
3rd Edition
Authors: Cheng Few Lee , John C Lee , Alice C Lee
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