A random sample of 104 marketing vice presidents from large Fortune 500 corporations was questioned on future developments in the business environment. Of those sample members, 46 indicated some measurement of agreement with this statement: "Firms will concentrate their efforts more on cash flow than on profits". What is the lowest level of significance at which the null hypothesis, which states that the true proportion of all such executives who would agree with this statement is one-half (p = 0.5), can be rejected against a two-sided alternative?

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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A random sample of 104 marketing vice presidents from large Fortune 500 corporations was
questioned on future developments in the business environment. Of those sample members, 46
indicated some measurement of agreement with this statement: "“Firms will concentrate their
efforts more on cash flow than on profits". What is the lowest level of significance at which the
null hypothesis, which states that the true proportion of all such executives who would agree
with this statement is one-half (p = 0.5), can be rejected against a two-sided alternative?
Transcribed Image Text:A random sample of 104 marketing vice presidents from large Fortune 500 corporations was questioned on future developments in the business environment. Of those sample members, 46 indicated some measurement of agreement with this statement: "“Firms will concentrate their efforts more on cash flow than on profits". What is the lowest level of significance at which the null hypothesis, which states that the true proportion of all such executives who would agree with this statement is one-half (p = 0.5), can be rejected against a two-sided alternative?
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