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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The zero propperty because you are add any thing plus zero
3/4 is 0.75 as a decimal so 4 x 0.75 = 3
The grade of her sci test was 61. First I add 37 to 85, the sum being 122. Then if you divide it in half, you get the quotien and final answer of 61
Answer:
x=6
Step-by-step explanation:
Remember, the formula for area is the length times the width. So, if we know the width is 3, and we know the total area is 24, all we need to do is divide 24 by 3 to get 8. 8 is the split up side, the one that is x + 2. To find x, simply subtract 2 from 8. 8 - 2=6.
24/3=8
8-2=6