7. A consulting firm had predicted that 35% of the employees at a large firm would take advantage of a new company credi

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7 A Consulting Firm Had Predicted That 35 Of The Employees At A Large Firm Would Take Advantage Of A New Company Credi 1 (67.85 KiB) Viewed 26 times

7. A consulting firm had predicted that 35% of the employees at a large firm would take advantage of a new company credit union, but management is skeptical. They doubt the rate is that high. A survey of 300 employees shows that 138 of them are currently taking advantage of the credit union. Apply the eight steps of hypothesis testing with a 1% significance level and indicate any steps that are not relevant. LO ● In class I show only there are 5 steps - just do the hypothesis test, don't worry about the "8 steps"