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A study reported that the recent turnover rate (the percent of employees who are replaced) for...

A study reported that the recent turnover rate (the percent of employees who are replaced) for a particular type of industry in the United States was 50%. A local company in this industry is concerned about high turnover. Suppose that a random sample of 100 employees in this company showed that 59 left for other employment recently. The company wants to determine if the turnover rate of the population of employees at this local company is higher than the industry rate. Using StatCrunch, determine the p-value for this hypothesis test? (Round answer to two decimal places.)

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Answer #1

The StatCrunch output for this problem is:

ne sample proportion summary hypothesis test Ho p-0.5 HA: p>0.5 Hypothesis test results: Proportion Count Total Sample Prop.

Hence,

p - Value = 0.04

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