Question
A consulting firm had predicted that 35% of the employees at a large firm would take advantage of a new company Credit Union, but management
A consulting firm had predicted that 35% 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 300 employees shows that 138 of them are currently taking advantage of the Credit Union. 1 -Suppose that you want to conduct a hypothesis test to determine whether or not the proportion of employees taking advantage of the Credit Union is less than the 35% predicted by the consulting firm. What is the form of the alternative hypothesis for this test? 2 -What is the value of the test statistic for the hypothesis test described in Question 1?
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