Give an interpretation of the decision


Solve the below:

The Web-based company Henrietta Balloons has a goal of processing 96% of its orders on the same day they are received.

Q: If 95 out of the next 100 orders were processed on the same day, would this prove that they are exceeding their goal, using a 90% confidence level?

A. Choose the Hypothesis

B. Specify the Decision Rule

C. Calculate the Test Statistic

D. Make the Decision

E. Give an interpretation of the Decision

F. P-value Method

1. Calculate the P-value, what is it?

2. Does that P-value support the Decision in D?

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Basic Statistics: Give an interpretation of the decision
Reference No:- TGS01923451

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