In: Statistics and Probability
you will propose a hypothesis test that will test a
claim that is of interest to you in the business world. Then
describe how you would gather a representative sample to test that
claim.
1. state the claim you wish to investigate in your own words.
2. write a null and alternative hypothesis.
3. describe how you will gather a representative sample to test
your claim.
4. state the type of test you would use for example,
TTest,1PropZTest, etc.
We state the situation mentioned and we the one sample z test as the sample size(80) > 30. The test statistic is calculated using the formula mentioned. The critical value is obtained from STATKEY (image attached for reference).We compare the test statistic with the critical value and make the required conclusion.