Use the One-Proportion Z-Test to Perform the Required Hypothesis Test

question 64

Essay

Use the one-proportion z-test to perform the required hypothesis test. Use the P-value approach.
-A supplier of 3.5" disks claims that no more than 1% of the disks are defective. In a random sample of 600 disks, it is found that 3% are defective, but the supplier claims that this is only a sample fluctuation. At the 0.01 level of significance, do the data provide sufficient evidence that the percentage of defects exceeds 1%?

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Definitions:

Deferred Profit-sharing Plans

A type of retirement plan in which employees receive a share of the company's profits at a future date, typically upon retirement.

Contributory Benefits

Benefits, typically related to pension or insurance, that require contributions from both the employee and the employer.

Indirect Pay System

A compensation approach that includes non-wage benefits provided to employees, such as health insurance, retirement plans, and paid time off.

Employee Performance

The record of outcomes and behaviors exhibited by an employee in fulfilling their job responsibilities, often assessed against predefined objectives or criteria.