In a survey of 70 business firms, it was found that 45 were planning to expand their capacities next year. Does this sample information contradict the hypothesis that 70% of the firms in general are planning to expand next year?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section11.4: Collecting Data
Problem 3E
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In a survey of 70 business firms, it was found that 45
were planning to expand their capacities next year. Does
this sample information contradict the hypothesis that
70% of the firms in general are planning to expand next
year?
Transcribed Image Text:In a survey of 70 business firms, it was found that 45 were planning to expand their capacities next year. Does this sample information contradict the hypothesis that 70% of the firms in general are planning to expand next year?
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