The hypothesis test shows that we reject the null hypothesis and there is sufficient evidence to support the claim that the return rate is less than 20%
<h3>What is the claim that the return rate is less than 20% by using a statistical hypothesis method?</h3>
The claim that the return rate is less than 20% is p < 0.2. From the given information, we can compute our null hypothesis and alternative hypothesis as:


Given that:
Sample size (n) = 6965
Sample proportion 
The test statistics for this data can be computed as:



z = -2.73
From the hypothesis testing, since the p < alternative hypothesis, then our test is a left-tailed test(one-tailed.
Hence, the p-value for the test statistics can be computed as:
P-value = P(Z ≤ z)
P-value = P(Z ≤ - 2.73)
By using the Excel function =NORMDIST (-2.73)
P-value = 0.00317
P-value ≅ 0.003
Therefore, we can conclude that since P-value is less than the significance level at ∝ = 0.01, we reject the null hypothesis and there is sufficient evidence to support the claim that the return rate is less than 20%
Learn more about hypothesis testing here:
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Answer:
c
Step-by-step explanation:
it's more a gut feeling
Answer:
21.7
Step-by-step explanation:
divide
-- 30 miles per hour
-- $6.50 per hour
-- 365 days per year
-- 60 seconds per minute
-- $2.49 per pound
-- 3.47⁹ per gallon
-- 1800 calories per day
-- 360 degrees per revolution
The equation of this equation is 2x/31=22. First, multiply both sides by 31 to get 2x=682. Then, divide both side by two to get x=341, which is 341 home runs by the Yankees that season