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State the appropriate test of hypothesis to investigate your suspicion that fewer than 80% of the company's employees participate in the plan. Use α = .05.

State the appropriate test of hypothesis to investigate your suspicion that fewer than 80% of the company's employees participate in the plan. Use α = .05.

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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A company reports that 80% of its employees participate in the company's stock purchase plan. A random sample of 50 employees was asked the question, "Do you participate in the stock purchase plan?" The answers are shown below. yes no no yes nono yes yes no no no yes yes yes no yes no no yes yes no yes yes no yes yes no yes yes yes yes no no yes yes yes yes yes no yes no yes yes noyes yes yes yes yes yes YES = 32 , N0 = 18 State the appropriate test of hypothesis to investigate your suspicion that fewer than 80% of the company's employees participate in the plan. Use α = .05.
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