Question
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.
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