A consulting firm had predicted that 30% of employees at a large firm

vadulgattp

vadulgattp

Answered question

2021-11-30

A consulting firm had predicted that 30% of employees at a large firm would take advantage of a new company Credit Union, but management is skeptical. They felt the rate would be lower. A survey of 250 employees show that 82 of them are currently taking advantage of the Credit Union. Calculate the appropriate test statistic based on this data.

Answer & Explanation

Forneadil

Forneadil

Beginner2021-12-01Added 18 answers

Step 1
Given, n=250
x=82
p=xn
p=82250=0.328
and p=0.30
Step 2
Test statistic =ppp(1p)n
=0.3280.300.30(10.30)250
=0.966

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