The Next Questions Are Based on the Following Information

question 50

Essay

The Next Questions Are Based On The Following Information:
A beer producer claims that the proportion of its customers who cannot distinguish regular from light beer is at most 12 percent.The producer decides to test this null hypothesis against the alternative that the true proportion is more than 12 percent.The decision rule adopted is to reject the null hypothesis if the sample proportion of who cannot distinguish between the two beers exceeds 15 percent.
-If a random sample of 400 customers is selected,what is the probability of a Type I error,using this decision rule?

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Definitions:

Good Title

Legitimate ownership of property free from legal encumbrances or claims.

Steals Bicycle

The act of unlawfully taking someone else's bicycle without permission with the intent to permanently deprive the owner of it.

FOB (Free On Board)

A term used in shipping agreements to indicate that the seller is responsible for goods until they are loaded on a transport vessel, after which the buyer assumes responsibility.

Delivery Ex-Ship

Delivery Ex-Ship (DES) is a term used in international trade that indicates the seller is responsible for delivering the goods to a designated port and the buyer is responsible for unloading.