Hypothesis Testing: Processing Orders
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The web-based company Oh Baby! Gifts has a goal of processing 95 percent of its orders on the same day they are received. If 485 out of the next 500 orders are processed on the same day, would this prove that they are exceeding their goal, using alpha =.025?
See story.news.yahoo.com accessed June 25, 2004)
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This solution provides answers in Excel for questions regarding hypothesis testing.
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