Statistical Techniques in Business and Economics, 16th Edition
Statistical Techniques in Business and Economics, 16th Edition
16th Edition
ISBN: 9780078020520
Author: Douglas A. Lind, William G Marchal, Samuel A. Wathen
Publisher: McGraw-Hill Education
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Chapter 15, Problem 2E

The following hypotheses are given.

H 0 : π = .40 H 1 : π .40

A sample of 120 observations revealed that p = .30. At the .05 significance level, can the null hypothesis be rejected?

  1. a. State the decision rule.
  2. b. Compute the value of the test statistic.
  3. c. What is your decision regarding the null hypothesis?
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Statistical Techniques in Business and Economics, 16th Edition

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