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Find the P-value for the indicated hypothesis test. Round all proportions and standard scores to two decimal places.
-An airline claims that the no-show rate for passengers booked on its flights is less than 6%. Of 380 randomly selected reservations, 18 were no-shows. Find the P-value for a test of the airline's claim.
Return on Investment
A performance measure used to evaluate the efficiency or profitability of an investment, calculated as the net profit divided by the initial cost.
Annual Revenue
The total income generated by a business, organization, or individual within a fiscal year from its operations.
Initial Investment
The initial sum of money used to start a business project, purchase assets, or acquire starting capital.
Worst Payoff Rate
The lowest possible return or least favorable outcome from an investment or decision under a specific scenario.
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