Coffee distrubutor wants to mix Kenya cofee that sells for 8.30 per pound with Queen City coffee that sells for 13.50 per pound
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Answer:
Step-by-step explanation:
Data given and notation
n=1500 represent the random sample taken
estimated proportion of of chips fail in the first 100 hours
is the value that we want to test
represent the significance level
z would represent the statistic (variable of interest)
represent the p value (variable of interest)
Concepts and formulas to use
We need to conduct a hypothesis in order to test the claim that the actual percentage that fail is different from the stated percentage. Find the value of the test statistic.:
Null hypothesis:
Alternative hypothesis:
When we conduct a proportion test we need to use the z statisitc, and the is given by:
(1)
The One-Sample Proportion Test is used to assess whether a population proportion is significantly different from a hypothesized value
.
Calculate the statistic
Since we have all the info requires we can replace in formula (1) like this: