Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A team of builders has surveyed buyers of their new home for years. Consistently, 41% of the buyers have indicated that they were satisfied with

A team of builders has surveyed buyers of their new home for years. Consistently, 41% of the buyers have indicated that they were satisfied with the construction quality of their homes. The builders have adopted a revised quality-inspection system to try to improve customer satisfaction. They have surveyed 104 buyers since then. Of these buyers, 57 indicated they were satisfied.

a. Set up appropriate null and (one-sided) alternative hypotheses for this situation. Alternative hypothesis should be that the new system improved satisfaction

b. Based on these data, can you reject the null hypothesis at 5% significance level?

c. Repeat the test at 1% significance level

d. Compute the p-value corresponding to this test.

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

Step: 3

blur-text-image

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

Finite Math And Applied Calculus

Authors: Stefan Waner, Steven Costenoble

6th Edition

1285415132, 9781285415130

More Books

Students also viewed these Mathematics questions