Suppose you have a sample of 10,000 potential customers and 1992 would buy the product.  Calculate  the test stat for testing the claim the proportion is less than 20%  also use wolframalpha.com to calculate the Pvalue using the test stat  enter  probability Z distribution < test stat  so if the test stat is -1.3 enter  probability Z distribution< -1.3  into wolframalpha.com  a. The pvalue is 0.42 b. The z test stat for one sample proportion is -0.100 c. The pvalue is 0.52 d. The z test stat for one sample proportion is -0.200

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Suppose you have a sample of 10,000 potential customers and 1992 would buy the product. 

Calculate  the test stat for testing the claim the proportion is less than 20% 
also use wolframalpha.com to calculate the Pvalue using the test stat 
enter 
probability Z distribution < test stat 
so if the test stat is -1.3
enter 
probability Z distribution< -1.3 
into wolframalpha.com 

a.
The pvalue is 0.42
b.
The z test stat for one sample proportion is -0.100
c.
The pvalue is 0.52
d.
The z test stat for one sample proportion is -0.200
 
Expert Solution
Step 1

Given that:

Sample size, n=10000

Number of customers buying the product, x=1992

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