Expedia Would Like to Test the Hypothesis That the Proportion

question 99

Multiple Choice

Expedia would like to test the hypothesis that the proportion of Southwest Airline flights that arrive on- time is less than 0.90. A random sample of 140 United Airline flights found that 119 arrived on- time. Expedia would like to set α = 0.05. The p- value for this hypothesis test would be ------.

• A)0.0244
• B)0.0664
• C)0.0872
• D)0.0137

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Definitions:

External Financial Statement Reporting

The process of preparing and disclosing financial statements to external stakeholders, such as investors, creditors, and regulatory bodies, to provide insight into a company's financial health.

Generally Accepted Accounting Principles

A set of rules and standards for financial reporting that companies in the U.S. must adhere to.

Gross Profit

The financial gain made after deducting the cost of goods sold from total revenue.

Variance

The difference between planned or budgeted amounts and the actual amounts incurred, used for performance evaluation and control.