(Solved) Many franchisers favor owners who operate multiple stores by providing them with preferential ...

Many franchisers favor owners who operate multiple stores by providing them with preferential treatment. Suppose the Small Business Administration would like to perform a hypothesis test to investigate if 80% of franchisees own only one location using α = 0.05. A random sample of 120 franchisees found that 85 owned only one store. The conclusion for this hypothesis test would be that because the absolute value of the test statistic is

▸ more than the absolute value of the critical value, we can conclude that the proportion of franchisees that own only one store equals 0.80.

▸ more than the absolute value of the critical value, we can conclude that the proportion of franchisees that own only one store does not equal 0.80.

▸ less than the absolute value of the critical value, we cannot conclude that the proportion of franchisees that own only one store does not equal 0.80.

▸ less than the absolute value of the critical value, we can conclude that the proportion of franchisees that own only one store does not equal 0.80.

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Many franchisers favor owners who operate multiple stores by providing them with preferential ...

Business Statistics

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