Question
A home improvement company is interested in improving customer satisfaction rate from the 74% currently claimed. The company sponsored a survey of 135 customers and
A home improvement company is interested in improving customer satisfaction rate from the 74% currently claimed. The company sponsored a survey of 135 customers and found that 105 customers were satisfied. Determine whether sufficient evidence exists that the customer satisfaction rate is different than the claim by the company.
What is the test statistic z?
What is the p-value?
Does sufficient evidence exist that the customer satisfaction rate is different than the claim by the company at a significance level of =0.01? yes or no?
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Fundamental financial accounting concepts
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
8th edition
978-007802536, 9780077648831, 0078025362, 77648838, 978-0078025365
