Calculate a p-value for the observed sample result

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A quality standard says that no more than 2 percent of the eggs sold in a store may be cracked (not broken, just cracked). In 3 cartons (12 eggs each carton), 2 eggs are cracked.

(a) Calculate a p-value for the observed sample result. Hint: Use Excel to calculate the cumulative binomial probability P(X ≥ 2 | n = 36, π = .02) = 1 - P(X ≤ 1 | n = 36, π = .02). (Round your answer to 4 decimal places.)

Reference no: EM132852511

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