Null and alternative hypotheses for a test

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According to a University Center for Logistics Management, 4% of all merchandise sold in the United States gets returned. A Seattle department store sampled 87 items sold in January and found that 5 of the items were returned.

If you have the following null and alternative hypotheses for a test you are running:

H0:p=0.04

Ha:p≠0.04

Calculate the test statistic, rounded to 3 decimal places

Reference no: EM131972185

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