24. A business claims that no more than 1.2% of all its products do not meet...

24. A business claims that no more than 1.2% of all its products do not meet the minimum government standards. A survey of 450 products revealed that 10 did not meet the standards. If the level of significance is 0.02, what should be the decision in the test?

A. Reject the null hypothesis, and agree that more than 1.2% of products fail to meet government standards.

B. There is insufficient evidence to reject the null hypothesis.

C. Do not reject the null hypothesis, and agree that no more than 1.2% of products fail to meet government standards.

D. Information is insufficient for finding the critical value of the test, thus no decision can be made.

Expert Solution

orchestra answered 1 year ago

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