Consider the Following Hypothesis Test

question 20

Essay

Consider the following hypothesis test:
H₀: p .8
H_a: p > .8
A sample of 400 provided a sample proportion of .853.
a.
Determine the standard error of the proportion.
b.
Compute the value of the test statistic.
c.
Determine the p-value; and at a 5% level, test the above hypotheses.

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Definitions:

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International Accounting Standards

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