State your decision to the significance test in terms of the

Last updated: 5/7/2023

State your decision to the significance test in terms of the null hypothesis Consumer data reports that 50 of shoppers who enter a store on Black Friday end up making a purchase In order to receive a bonus for their efforts the marketing department of an electronics retailer must show that their stores have exceeded this proportion A random sample of 320 Black Friday customers found that 176 of them ending up making a purchase Use the following results and a 0 01 significance level to state your decision about Ho Ho p 0 50 0 H p 0 50 Test statistic z 1 79 p value 0 0368 W There is not enough information Reject Ho Reject H