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Should the Assumption of a Binomial Distribution with a Probability π\pi

Question 88

Essay

Should the assumption of a binomial distribution with a probability of purchase π\pi
equal to 0.50 be rejected at the 5% significance level?
Hypotheses: ____________________
Test statistic = ____________________
Critical Value = ____________________
Conclusion: ____________________________

Correct Answer:

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H0: The sample is from a bino...

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