Assume That a Hypothesis Test to Reject the Given Claim

question 162

Essay

Assume that a hypothesis test to reject the given claim will be conducted. Identify the type I or type II error for the test.
-A supplier of digital memory cards claims that no more than 1% of the cards are defective. In a random sample
of 600 memory cards, 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, test the supplier's claim that no more than 1% are defective.

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Definitions:

Maintain Price

The strategy or practice of keeping the price of a product or service at a certain level, often to manage competition or market perception.

Identifying Potential Customers

The process of analyzing the market to determine who the target audience is for a product or service, often involving demographic and psychographic research.

Salesperson's Task

The duties and activities performed by a salesperson, including identifying potential buyers, presenting products or services, and closing sales.

Prospecting

The process of identifying potential customers or clients for your business's products or services.