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Edit question The CEO of a large cable company claims that 75 percent of his 1,000,000 customers are satisfied with the service they receive. To test this claim, the local newspaper surveyed 100 customers, using simple random sampling. 76 were satisfied and the remaining were unsatisfied. Based on these findings from the sample, can we reject the CEO’s hypothesis that 75% of the customers are satisfied? Use a .05 level of significance. What is the P value?

Edit question The CEO of a large cable company claims that 75 percent of his 1,000,000 customers are satisfied with the service they receive. To test this claim, the local newspaper surveyed 100 customers, using simple random sampling. 76 were satisfied and the remaining were unsatisfied. Based on these findings from the sample, can we reject the CEO’s hypothesis that 75% of the customers are satisfied? Use a .05 level of significance. What is the P value?

MATLAB: An Introduction with Applications
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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The CEO of a large cable company claims that 75 percent of his 1,000,000 customers are satisfied with the service they receive. To test this claim, the local newspaper surveyed 100 customers, using simple random sampling. 76 were satisfied and the remaining were unsatisfied. Based on these findings from the sample, can we reject the CEO’s hypothesis that 75% of the customers are satisfied? Use a .05 level of significance.

What is the P value? 

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