The following hypotheses are given. H0: = .70 H1: .70 A sample of 120

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The following hypotheses are given.

H0: π = .70

H1: π ≠ .70

A sample of 120 observations revealed that ρ = .30. At the .05 significance level, can the null hypothesis be rejected?

a. State the decision rule.

b. Compute the value of the test statistic.

c. What is your decision regarding the null hypothesis?

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Statistical Techniques in Business and Economics

ISBN: 978-0078020520

16th edition

Authors: Douglas Lind, William Marchal

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Question Posted: Dec 10, 2014 08:23 AM

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The following hypotheses are given. H0: = .70 H1: .70 A sample of 120

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Statistical Techniques in Business and Economics

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