New Mousetrap
After a financial analysis,the general manager of a large company decided that if more than 8% of potential buyers of a new mousetrap purchase that product,the company would show a profit.In a preliminary survey of 500 potential buyers,56 people say that they will buy the mousetrap.
-{New Mousetrap Narrative} State the appropriate null and alternative hypotheses.

Question

New Mousetrap
 After a financial analysis,the general manager of a large company decided that if more than 8% of potential buyers of a new mousetrap purchase that product,the company would show a profit.In a preliminary survey of 500 potential buyers,56 people say that they will buy the mousetrap. ​ ​
-{New Mousetrap Narrative} State the appropriate null and alternative hypotheses.

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The Answer of New Mousetrap
 After a financial analysis,the general manager of a large company decided that if more than 8% of potential buyers of a new mousetrap purchase that product,the company would show a profit.In a preliminary survey of 500 potential buyers,56 people say that they will buy the mousetrap. ​ ​
-{New Mousetrap Narrative} State the appropriate null and alternative hypotheses.

New Mousetrap After a Financial Analysis,the General Manager of a Large