According to the New York Times, the Martha Stewart Living Omnimedia Company concentrates mostly on food. The New York Times believes that 60% of the company's public statements have been related to food products. An analyst does not believe this claim and wants to see if there is evidence that it is less than 60%. A random sample of 60 public statements revealed that only 21 related to food. Test at the 1% level of significance. Lets assign numbers to symbols in this matching problem.
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60 \). - Alternative Hypothesis (H1): The proportion of public statements related to food is less than 60%, or \( p < 0.60 \). Show more…
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According to the New York Times, the Martha Stewart Living Omnimedia Company concentrates mostly on food. An analyst wants to disprove a claim that 60% of the company's public statements have been related to food products in favor of a left-tailed alternative. A random sample of 60 public statements revealed that only 21 related to food. Conduct the test and provide a p-value.
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