hypothesis testing, Applied Statistics

the president of a certain firm concerned about the safety record of the firms employee sets aside $50 million a year for safety education. the firms accountant believes that more than 75% of similar firms spend more than $50 million a year on safety education. the president asked the accountant to substantiate his information. a sample of 60 firms was gathered and 50 stated that they spend more than $50 million per year on safety. test the accountants claim at the 0.05 level of significance
Posted Date: 10/22/2014 3:58:42 PM | Location : United States







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