A hardware company has claimed that at least 35% of their purchases were conducted by international customers. A marketing company finds the actual percentage is closer to 15%. The company plans to...


A hardware company has claimed that at least 35% of their purchases were conducted by international customers. A marketing company finds the actual percentage is closer to 15%. The company plans to conduct a test to determine if the percentage of international customers is in fact less than 35%. The company is also interested in determining the probability(beta) of accepting the marketing company's claim if the true percentage was 15%. A random sample of 100 businesses is used. Consider a significance level of .05 and .025.


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Jun 10, 2022
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