(1)
(a) This is a two tailed test (Since the alternative contains the sign)
(b) The test statistic is Z = 4.01
(c) The p value is 0.000
(d) The null hypothesis is Option D: H0: p = 0.92
Option A: Reject the null hypothesis because the p value is less than or equal to the significance level .
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(2) The Hypothesis: Option B
H0: p = 0.20
H1: p < 0.20
The Test Statistic:
= 1290 / 6990 = 0.1845
The p value is 0.001
Since the p value is less than the significance level, reject the null hypothesis. There is sufficient evidence to support the claim that the return rate is less than 20%.
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