A total investment of $10,700 is made into two savings accounts. One account yields 5% simple interest and the other 6% simple i
2 answers:
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Answer: a) -0.2252, b) 0.8219
Step-by-step explanation:
Since we have given that
Sample size n = 100
Probability that candies are blue = p= 0.26
Probability that company claims that it is blue candy = P = 0.27
So, Q = 1-P= 1-0.27 = 0.73
So, Null hypothesis :
Alternate hypothesis :
So, the test statistic would be
Since α = 0.05
So, critical value of z = 1.96
p-value = P(Z>Z(calculated)
Using the excel function , we get that
Hence, a) -0.2252, b) 0.8219