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Find the P-Value for the Indicated Hypothesis Test

question 65

Multiple Choice

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.


Definitions:

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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