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In: Statistics and Probability

Random survey of 70 employees shows that 36 of them are interested in taking advantage of...

  1. Random survey of 70 employees shows that 36 of them are interested in taking advantage of the new company Credit Union. Test the claim that more than 44% of employees will take advantage of a new company Credit Union using α = 0.05.  show work

  1. State the null and alternate hypotheses for this test.

  1. Find the significance level and p-value for this test. Show work.

  1. Using the p-value method make a decision about the null hypothesis. Explain

  1. Suppose someone else tested the same claim and they made a Type I Error. What does that mean in context to this hypothesis test?

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Expert Solution

orchestra answered 1 year ago
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