Statistical Techniques in Business and Economics

16th Edition

ISBN: 9780077639723

Author: Lind

Publisher: Mcgraw-Hill Course Content Delivery

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Textbook Question

Chapter 15, Problem 1E

The following hypotheses are given.

H 0 : π ≤ .70 H 1 : π > .70

A sample of 100 observations revealed that p = .75. At the .05 significance level, can the null hypothesis be rejected?

a. State the decision rule.
b. Compute the value of the test statistic.
c. What is your decision regarding the null hypothesis?

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Chapter 15, Problem 1SR

Chapter 15, Problem 2E

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Chapter 15 Solutions

Statistical Techniques in Business and Economics

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Solution Summary: The author explains the decision rule of rejecting the null hypothesis if z > 1.645, and the test statistic's value.

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