State your decision to the significance test in terms of the null hypothesis. Consumer data reports that 50% of shoppers who enter a store on Black Friday end up making a purchase. In order to receive a bonus for their efforts, the marketing department of an electronics retailer must show that their stores have exceeded this proportion. A random sample of 320 Black Friday customers found that 176 of them ending up making a purchase. Use the following results and a 0.01 significance level to state your decision about Ho- Но :p = 0.50 H1 :p> 0.50 Test statistic: z = 1.79 p-value = 0.0368 O Do not reject H1 Do not reject Ho Reject Ho Reject H1

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Chapter1: Starting With Matlab
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State your decision to the significance test in terms of the null hypothesis.
Consumer data reports that 50% of shoppers who enter a store on Black Friday end
up making a purchase. In order to receive a bonus for their efforts, the marketing
department of an electronics retailer must show that their stores have exceeded this
proportion. A random sample of 320 Black Friday customers found that 176 of
them ending up making a purchase. Use the following results and a 0.01 significance
level to state your decision about Ho.
Ho : p = 0.50
H1 : p> 0.50
Test statistic: z = 1.79
p-value = 0.0368
Do not reject H1
Do not reject Ho
Reject Ho
Reject H1
Transcribed Image Text:State your decision to the significance test in terms of the null hypothesis. Consumer data reports that 50% of shoppers who enter a store on Black Friday end up making a purchase. In order to receive a bonus for their efforts, the marketing department of an electronics retailer must show that their stores have exceeded this proportion. A random sample of 320 Black Friday customers found that 176 of them ending up making a purchase. Use the following results and a 0.01 significance level to state your decision about Ho. Ho : p = 0.50 H1 : p> 0.50 Test statistic: z = 1.79 p-value = 0.0368 Do not reject H1 Do not reject Ho Reject Ho Reject H1
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