A store offers 20% off all items. If x is the original purchase price, which expression represents the final price with the disc
2 answers:
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Answer:
There is strong evidence that less than 87% of the orders are delivered in less than 10 minutes.
Decision rule: Reject the null hypothesis if (P-value < level of significance)
Test statistic z=-2.70
Decision: Reject the null hypothesis (0.003<0.010)
Step-by-step explanation:
In this question we have to test an hypothesis.
The null and alternative hypothesis are:
The significance level is assumed to be 0.01.
The sample of size n=80 gives a proportion of p=61/80=0.7625.
The standard deviation is:
The statistic z is then
The P-value is
The P-value (0.003) is smaller than the significance level (0.010), so the effect is significant. The null hypothesis is rejected.
There is strong evidence that less than 87% of the orders are delivered in less than 10 minutes.
Decision rule: Reject the null hypothesis if (P-value < level of significance)
Test statistic z=-2.70
Decision: Reject the null hypothesis (0.003<0.010)