Stats Solutions

(See Solution) Write the null and alternative hypothesis to test each of the following situations. A business magazine article reports that in 1990 35%

Question: Write the null and alternative hypothesis to test each of the following situations.

  1. A business magazine article reports that in 1990 35% of CEO’s had an MBA degree. Has the percentage changed?
  2. Recently 20% of cars of a certain model have needed costly transmission repairs after being driven between 50,000 and 100,000 miles. The car manufacturer hopes that the redesign of a transmission component has solved the problem
  3. A market researcher for a cola company decides to field test a new flavor soft drink, planning to market if only if he is sure that over 60% of the people like the flavor.

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Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document


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