Homework Answers
As we have a p-value here as 23%, therefore the interpretation of this is that given that the null hypothesis is true that is given that 92% of the deliveries are on time in reality, the probability that we get the given sample statistics is 0.23.
As the p-value of 0.23 here is large, therefore the test is not significant here, and we cannot reject the null hypothesis here. Therefore we dont have sufficient evidence here that the percentage of products delivered on time is greater than 92% here.
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