OpenStudy (anonymous):
A software company is planning for an upgrade of their software. You must charge customers $100. Are your customers willing to pay this much? You contact a random sample of 40 customers and find that 11 would pay $100 for the upgrade. If the upgrade is to be profitable, you will need to sell it to more than 20% of your customers. Do the sample data give good evidence that more than 20% are willing to buy? a. Formulate this problem as a hypothesis test. Give the null and alternative hypotheses. b. Carry out the significance test. Report the test statistic and the P-value. c. Should you proceed with plans to produce and market the upgrade?
OpenStudy (anonymous):
@Hero @amistre64
OpenStudy (amistre64):
what have you started with?
OpenStudy (anonymous):
i got this one thank you! @amistre64 can you help with something else?
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