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An analyst for a firm claims that their market-share has increased. In the past, about 35% of households used their prod
Posted: Sun Jul 10, 2022 10:22 am
by answerhappygod
- An Analyst For A Firm Claims That Their Market Share Has Increased In The Past About 35 Of Households Used Their Prod 1 (62.37 KiB) Viewed 106 times
An analyst for a firm claims that their market-share has increased. In the past, about 35% of households used their product. To test the claim, they set up the following (p is the population proportion of households that use their product): HO: p <= 0.35 H1: p > 0.35 To carry out the test at a significance level of 10%, the analyst took a random sample of households (sample size = 80), and found the sample proportion of households that used their product, and it was 40 out of 80. Compute the appropriate Z-stat. (provide two decimal places)