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Wellz999 Wellz999
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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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Business Statistics

Business Statistics


Edition: 2nd
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Hnin P.Hnin P.
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2 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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This site is awesome
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Thanks for your help!!
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