3. A company is trying to find out if it should continue to manufacture a shoe model that was previously very popular. In a random sample of 180 women, 55 stated that they would buy the shoes in question. Consider the null hypothesis that the proportion of all women who would buy the shoes is at most 0.25 (i.e., one-fourth). When testing this hypothesis we find that the p-value was 0.0426. According to this value, what decision would you make regarding whether or not to reject the null hypothesis. Write clearly the hypotheses of this problem.
3. A company is trying to find out if it should continue to manufacture a shoe model that was previously very popular. In a random sample of 180 women, 55 stated that they would buy the shoes in question. Consider the null hypothesis that the proportion of all women who would buy the shoes is at most 0.25 (i.e., one-fourth). When testing this hypothesis we find that the p-value was 0.0426. According to this value, what decision would you make regarding whether or not to reject the null hypothesis. Write clearly the hypotheses of this problem.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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3. A company is trying to find out if it should continue to manufacture a shoe model that was previously very popular. In a random sample of 180 women, 55 stated that they would buy the shoes in question. Consider the null hypothesis that the proportion of all women who would buy the shoes is at most 0.25 (i.e., one-fourth). When testing this hypothesis we find that the p-value was 0.0426. According to this value, what decision would you make regarding whether or not to reject the null hypothesis. Write clearly the hypotheses of this problem.
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