Question

A company reports that 80% of its employees participate in the company's stock purchase plan. A random sample of 50 employees was asked the question, "Do you participate in the stock purchase plan?" The answers are shown below: yes no no yes no no yes yes no no no yes yes yes no yes no no yes yes no yes yes no yes yes no yes yes yes yes no no yes yes yes yes yes no yes no yes yes no yes yes yes yes yes yes YES = 32, NO = 18 State the appropriate test of hypothesis to investigate your suspicion that fewer than 80% of the company's employees participate in the plan. Use α = .05.

          A company reports that 80% of its employees participate in the company's stock purchase plan. A random sample of 50 employees was asked the question, "Do you participate in the stock purchase plan?" The answers are shown below:
yes no no yes no no yes yes no no no yes yes yes no yes no no yes
yes no yes yes no yes yes no yes yes yes yes no no yes yes yes yes
yes no yes no yes yes no yes yes yes yes yes yes

YES = 32, NO = 18

State the appropriate test of hypothesis to investigate your suspicion that fewer than 80% of the company's employees participate in the plan. Use α = .05.

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Added by Rhonda P.

Elementary Statistics a Step by Step Approach

Allan G. Bluman 9th Edition

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Solved by Expert Juan Nicolás

05/27/2022

Step 1

- Null hypothesis (H0): The true proportion of employees participating in the stock purchase plan is 80%. - Alternative hypothesis (Ha): The true proportion of employees participating in the stock purchase plan is less than 80%. Show more…

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A company reports that 80% of its employees participate in the company's stock purchase plan. A random sample of 50 employees was asked the question, "Do you participate in the stock purchase plan?" The answers are shown below: yes no no yes no no yes yes no no no yes yes yes no yes no no yes yes no yes yes no yes yes no yes yes yes yes no no yes yes yes yes yes no yes no yes yes no yes yes yes yes yes yes YES = 32, NO = 18 State the appropriate test of hypothesis to investigate your suspicion that fewer than 80% of the company's employees participate in the plan. Use α = .05.

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