Answered step by step
Verified Expert Solution
Question
1 Approved Answer
An airline company recently boasted about its 73% customer satisfaction rate. A corporate watchdog group believes that this percentage is greatly exaggerated, and the
An airline company recently boasted about its 73% customer satisfaction rate. A corporate watchdog group believes that this percentage is greatly exaggerated, and the real percentage of satisfied customers is lower than 73%. The group randomly surveyed 846 recent customers of this airline and found that only 585 reported being satisfied with the airline. Using a significance level of 5%, test the hypothesis that the proportion of satisfied customers of this airline is less than 73%. Use the critical value method. State the null and alternative hypothesis for this test. Ho? H1 Determine if this test is left-tailed, right-tailed, or two-tailed. left-tailed right-tailed two-tailed Should the standard normal (2) distribution or Student's (t) distribution be used for this test? The standard normal (2) distribution should be used The Student's & distribution should be used Determine the critical value(s) for this hypothesis test. Round the solution(s) to two decimal places. If more than one critical value exists, enter the solutions using a comma-separated list. Determine the test statistic. Round the solution to two decimal places. Determine the appropriate conclusion for this hypothesis test. The sample data provide sufficient evidence to reject the alternative hypothesis that the proportion of all customers of this airline that are satisfied is less than 0.73 and thus we conclude that the proportion of all customers of this airline that are satisfied is likely 0.73. The sample data provide sufficient evidence to reject the null hypothesis that the proportion of all customers of this airline that are satisfied is 0.73 and thus we conclude that the proportion of all customers of this airline that are satisfied is likely less than 0.73. The sample data do not provide sufficient evidence to reject the null hypothesis that the proportion of all customers of this airline that are satisfied is 0.73 and thus we conclude that the proportion of all customers of this airline that are satisfied is likely 0.73. The sample data do not provide sufficient evidence to reject the alternative hypothesis that the proportion of all customers of this airline that are satisfied is less than 0.73 and thus we conclude that the proportion of all customers of this airline that are satisfied is likely less than 0.73. Question Help: Video 1 Video 2 Video 3
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started