MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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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.
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a) What is the standard error for this hypothesis test?
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b) P-valueofthetest
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