Question: A manufacturer advertises that at most 1% of all his products do not meet the minimum government standards. To monitor how he is doing, this manufacturer plans to test the claim that more than 1% of his products do not meet minimum standards. A survey of 500 products revealed ten did not moot the standard. This time let \(\alpha \) = 0.01

1. What are the null and alternative hypotheses for this study? To receive full credit you must write these claims both symbolically AND in English.
2. What is the critical z-value for the test?
3. What is the z-value based on the sample?
4. What is your decision about the manufacturer's claim on this study? Do more than 1% of all of the manufacturer's products not meet with minimum government standards?

Price: $2.99

Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document