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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 CONCLUSION for the study? 1) Reject H0 and conclude the high end sales proportion was greater than than 0.28 2) Fail to Reject H0 and conclude the high end sales proportion may be 0.35 3) Reject H0 and conclude the high end sales proportion was different than 0.28 4) Reject H0 and conclude the high end sales proportion was less than 0.35 5) Fail to Reject the alternative H1 and conclude H0: p=0.28 6) No answer is correct. ------------------------------------- Enter: Integer 1, 2, 3, 4, 5, 6 no decimal

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