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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Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

Chapter11: Data Analysis And Probability

Section: Chapter Questions

Problem 8CR

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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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