Shoplifting costs retail businesses a great deal of money every year. In spite of thisthe historical evidence suggests that only 50% of all shoplifters are turned over to thepolice. A random survey of 40 retailers revealed that 24 of them had turned their mostrecent shoplifter in to the police. Use alpha = 0.05 for all tests. Find the p-value for part a. (It is the probability that z is greater than the absolutevalue of the test statistic in part a.
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
Shoplifting costs retail businesses a great deal of money every year. In spite of thisthe historical evidence suggests that only 50% of all shoplifters are turned over to thepolice. A random survey of 40 retailers revealed that 24 of them had turned their mostrecent shoplifter in to the police. Use alpha = 0.05 for all tests. Find the p-value for part a. (It is the probability that z is greater than the absolutevalue of the test statistic in part a.
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