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In a budget process the CFO assumed the historical 28% of sales would be high end. A survey of 175 prior year sales found 62
In a budget process the CFO assumed the historical 28% of sales would be high end. A survey of 175 prior year sales found 62 high end sales. Did the survey results indicate a CHANGE FROM the historical 28%? Use a 5% significance level. | What is the value of the TEST STATISTIC? ______________________________ Note: Enter XXX.XX AT LEAST ONE DIGIT BEFORE THE DECIMAL, TWO AFTER and round up. Thus, 134.784 is entered as 134.78, 35.295 is entered as 35.30, .2749 is entered as 0.27, -.5650 is entered as -0.57
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