You inherited land that was purchased for $30,000 in 1960. The value of the land increases by approximately 5% per year. What wi
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Answer:
So the value of the test statistic is -0.85.
Step-by-step explanation:
We know that a sample of 1800 computer chips revealed that 53% of the chips do not fail in the first 1000 hours of their use. The company's promotional literature states that 54% of the chips do not fail in the first 1000 hours of their use.
We get that:
We calculate the standar deviation:
We calculate the value of the test statistic:
So the value of the test statistic is -0.85.