Using significance level 0.05 evaluate claim that percent of small businesses closed this year (popu
Question: Using significance level 0.05 evaluate claim that percent of small businesses closed this year (population proportion) is greater than 26%. Sample of 500 small businesses were taken all over the country and 145 of them were closed this year.
H0 – population proportion p ≤ 0.26
H1 – population proportion p > 0.26
(a) Calculate test statistics
(b) Find p-value (use Table A-2) and make decision: reject or not reject H0.
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Type of Deliverable: Word Document![](/images/msword.png)
Type of Deliverable: Word Document
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