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A Manufacturer Claims That at Least 40% of Its Customers

question 69

Essay

A manufacturer claims that at least 40% of its customers use coupons. A study of 25 customers is undertaken to test that claim. The results of the study follow. A manufacturer claims that at least 40% of its customers use coupons. A study of 25 customers is undertaken to test that claim. The results of the study follow.   At a .05 level of significance, use Excel to test the manufacturer's claim. At a .05 level of significance, use Excel to test the manufacturer's claim.


Definitions:

Consistent

Describes a system or behavior that does not contain contradictions and adheres to the same principles, standards, or patterns over time.

Contingency

A statement or proposition that is neither necessarily true nor necessarily false, depending on some variables or conditions.

Biconditional Statement

A statement that is true only if both components are simultaneously true or false.

Consistent

In logic and mathematics, a set of statements or propositions is consistent if they do not lead to a contradiction, meaning they can all be true at the same time.

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