Question
The owner of a popular Internet-based auction site believes that more than half of the people who sell items on her site are women.To test
The owner of a popular Internet-based auction site believes that more than half of the people who sell items on her site are women.To test the hypothesis the owner sampled 1000 customers who sold items on her site and she found that 55% of the customers sampled were women. Some calculations are shown below:
Sample proportion: 0.55
standard error of sample proportion: 0.02578
z test statistic : 1.9394
p-value: 0.0262
If you were to conduct a hypothesis test to determine if greater than 50% of customers who use this internet- based site are women, would you conduct a one tail or a two tail hypothesis test and what conclusion could you make about owner's belief. Explain you answer and state the appropriate null and alternative hypothesis. Use alpha=0.05 fr your deliberations.
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