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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 ALTERNATIVE HYPOTHESIS? Enter H1 list number. p=population proportion 1) H1: p (greater than)> 0.28 2) H1: p (greater than) > 0.35 3) H1: p (less than) < 0.28 4) H1: p Not Equal To 0.28 5) H1: p (less than) < 0.35 6) No answer is correct
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