Solution-Null hypothesis and the hypothesis

Null hypothesis and the hypothesis

Assignment Help Basic Statistics

Reference no: EM131444778

Fancorp (a consulting firm) claims that "less than half of franchises are owned by husband-wife team." A simple random sample of 37 franchise owners shows that 12 are owned by husband-wife team. Can you confirm Fancorp's claim at α = 0.05? (Use p-value approach)

[Note: the hypothesis one wants to reject is usually the null hypothesis and the hypothesis one wants to conclude is usually the alternative hypothesis.]

Reference no: EM131444778

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Null hypothesis and the hypothesis

Reference no: EM131444778

Reference no: EM131444778

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