Marlee Singh is the comptroller for Meek Industries. Marlee believes that the current cashflow problem at Meek

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Marlee Singh is the comptroller for Meek Industries. Marlee believes that the current cashflow problem at Meek is due to the slow collection of accounts and that more than 60% of the accounts are more than 3 months in arrears. A random sample of 200 accounts showed that 140 were more than 3 months old. At the .01 significance level, can Marlee conclude that more than 60% of the accounts are in arrears for more than 3 months?

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Statistical Techniques In Business And Economics

ISBN: 9781265779696

19th Edition

Authors: Douglas Lind, William Marchal, Samuel Wathen

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