Proportion Problem. A plan for an executive traveler's club has been developed by an airline on the premise that at least 5% of its current customers would qualify for membership. A random sample of 500 customers yielded 40 who would qualify. Using this proportion data, test at alpha = .01 the null hypothesis that the company's premise is correct, against the alternative that it is not correct.a) What is the standard error for this hypothesis test?b) P-valueofthetest

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Description: Proportion Problem. A plan for an executive traveler's club has been developed by an airline on the premise that at least 5% of its current customers would qualify for membership. A random sample of 500 customers yielded 40 who would qualify. Using t

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MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

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Proportion Problem. A plan for an executive traveler's club has been developed by an airline on the premise that at least 5% of its current customers would qualify for membership. A random sample of 500 customers yielded 40 who would qualify. Using this proportion data, test at alpha = .01 the null hypothesis that the company's premise is correct, against the alternative that it is not correct.
1. a) What is the standard error for this hypothesis test?
2. b) P-valueofthetest

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