A web-based company has a goal of processing 95 percent of its orders on the same...

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A web-based company has a goal of processing 95 percent of its orders on the same...

A web-based company has a goal of processing 95 percent of its orders on the same day they are received.
1. If 480 out of the next 500 orders are processed on the same day, would this prove that they are exceeding their goal, using α = .01? Follow and show the 7 steps for hypothesis testing. (8 points)
2. Determine the p-value and interpret its meaning. (3 points)
3. What assumption must you make in order to conduct the test in part a? Demonstrate if the assumption is met. (5 points)
4. Verify your results for parts a and b using Minitab. (2 points)

math Statistics-And-Probability

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Answer 1

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