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A toy manufacturing process has historically produced defective toys 8% of the time. The manager implements a new process in order to reduce the defect
A toy manufacturing process has historically produced defective toys 8% of the time. The manager implements a new process in order to reduce the defect rate. A random sample of 400 toys created with the new process has only 24 defects. Does this sample provide enough evidence to support the claim that the defect rate with the new process is less than 8%? Use 0.05 as your level of significance. You must report the p-value and write an interpretation specific to this problem.
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