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please show all calculations! (feel free to use excel to help solve)
Brexit concerns may have affected trade flows, with cross-border shipments frequently delayed 35% of the time. Reports of a n
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Answer #1

Let p be there proportion of late deliveries which affected by tnew Brexit deal.

In a random sample of 81 deliveries the new announcement reveals that 17 deliveries are late.

The sample proportion is

\hat{p}=\frac{17}{81}

\hat{p}=0.2099

At 5% level of significance we want to test the claim that the new Brexit deal affected the proportion of late deliveries.

The hypothesis testing problem is

H_0:p=0.35 vs H_1:p \neq 0.35

The test statistic is

Z=\frac{\hat{p}-p}{\sqrt{\frac{p*(1-p)}{n}}}

Z=\frac{0.2099-0.35}{\sqrt{\frac{0.35*(1-0.35)}{81}}}

Z=\frac{-0.1401}{\sqrt{\frac{0.35*0.65}{81}}}

Z=\frac{-0.1401}{\sqrt{0.0028}}

Z=\frac{-0.1401}{0.0529}

Z=-2.648

ie

Z=-2.64

The p value for the two tail test is

p=2P(Z\leq-2.64)​​​​​

p=2*0.0041 ##by using z table

p=0.0082

Since p value is less than 0.05, we reject the null hypothesis at 5% level of significance.

Therefore correct choice is 3.

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