A university wants to increase its retention rate of 4% for graduating students from the previous year.After implementing several new programs during the last two years,the university reevaluated its retention rate using a random sample of 352 students and retained 18 students.Should the university continue its new programs? Test an appropriate hypothesis using α = 0.10 and state your conclusion.Be sure the appropriate assumptions and conditions are satisfied before you proceed.
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: p = 0.04; : p > 0.04; z = 1.07; P-va...View Answer
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