A website-hosting service charges businesses a onetime setup fee of $275 plus d dollars for each month. If a business owner paid
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Answer:
a. There is not enough evidence to support the claim that the proportion that correctly identifies the chip is significantly smaller than 50%.
b. Test statistic z=-1.001
Step-by-step explanation:
This is a hypothesis test for a proportion.
The claim is that the proportion that correctly identifies the chip is significantly smaller than 50%.
Then, the null and alternative hypothesis are:
The significance level is 0.01.
The sample has a size n=199.
The sample proportion is p=0.462.
The standard error of the proportion is:
Then, we can calculate the z-statistic as:
This test is a left-tailed test, so the P-value for this test is calculated as:
As the P-value (0.16) is greater than the significance level (0.01), the effect is not significant.
The null hypothesis failed to be rejected.
There is not enough evidence to support the claim that the proportion that correctly identifies the chip is significantly smaller than 50%.