Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A consulting firm had predicted that 29% of the employees at a large firm would take advantage of a new company Credit Union, but management

A consulting firm had predicted that 29% of the employees at a large firm would take advantage of a new company Credit Union, but management is skeptical. They doubt the rate is that high. A survey of 400 employees shows that 168 of them are currently taking advantage of the Credit Union. a) Find the standard deviation of the sample proportion based on the null hypothesis. b) Find the z-statistic. c) Does the z-statistic seem like a particularly large or small value?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

An Introduction to Analysis

Authors: William R. Wade

4th edition

132296381, 978-0132296380

More Books

Students also viewed these Mathematics questions