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Calculate the value of the test statistic

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Reference no: EM133071545

Question - Let the following hypotheses be: H0: ≤ 0.70 H1: > 0.70. A sample of 100 observations revealed that p = 0.75. Can you reject the null hypothesis at the 0.05 level of significance?

a) Formulate the decision rule.

b) Calculate the value of the test statistic.

c) What is your decision regarding the null hypothesis?

Reference no: EM133071545

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