Question
2.As part of a decision regarding a new product launch, you want to test whether or not a large enough percentage (10% or more) of
2.As part of a decision regarding a new product launch, you want to test whether or not a large enough percentage (10% or more) of the community would be interested in purchasing it. You will launch the product only if you find convincing evidence of such demand. A survey of 400 randomly selected people in the community finds that 13% are willing to try your proposed new product.
a)Why is a one-sided test appropriate here?
b)Identify the null and research hypotheses for a one-sided test using both words and mathematical symbols.
c)Perform the test at the 5% significance level and describe the result.
d)Perform the test at the 1% significance level and describe the result.P-
e)State the p-value as either p>0.05, p<0.05, p<0.01, or p<0.001.
P-value
3. Refer to the employee database. View this data set as a random sample from a much larger population of employees.
a)You would like to claim that the population has significantly more than five years of experience. Can you support this claim?
Ho: Mexperience > 5
Ha: Mexperience 5
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