A plan for an executive travelers' club has been developed by an airline on the premise that 5% of its current customers would qualify for membership. A random sample of 500 customers yielded 40 who would qualify.In USE SALT(a) Using this data, test at level 0.01 the null hypothesis that the company's premise is correct against the alternative that it is not correct.Štate the appropriate null and alternative hypotheses.Но: р+ 0.05Ha: p = 0.05o Ho: p = 0.05Hai p > 0.05o Ho: p = 0.05Hạ: p + 0.05о Но: р+ 0.05На: р <0.05Calculate the test statistic and determine the P-value. (Round your test statistic to two decimal places and your P-value to four decimal places.)z =P-value =State the conclusion in the problem context.Reject the null hypothesis. There is not sufficient evidence to conclude that the company's premise is incorrect.Reject the null hypothesis. There is sufficient evidence to conclude that the company's premise is incorrect.Do not reject the null hypothesis. There is not sufficient evidence to conclude that the company's premise is incorrect.o Do not reject the null hypothesis. There is sufficient evidence to conclude that the company's premise is incorrect.(b) What is the probability that when the test of part (a) is used, the company's premise will be judged correct when in fact 10% of all current customers qualify. (Round your answer to four decimal places.)You may need to use the appropriate table in the Appendix of Tables to answer this question.

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Description: A plan for an executive travelers' club has been developed by an airline on the premise that 5% of its current customers would qualify for membership. A random sample of 500 customers yielded 40 who would qualify.In USE SALT(a) Using this data, test

(a) Null hypothesis: The probability of the customer who qualified for membership is correct.…

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A plan for an executive travelers' club has been developed by an airline on the premise that 5% of its current customers would qualify for membership. A random sample of 500 customers yielded 40 who would qualify.

A plan for an executive travelers' club has been developed by an airline on the premise that 5% of its current customers would qualify for membership. A random sample of 500 customers yielded 40 who would qualify.

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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