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Hypothesis Test

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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 = 0.025?

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This solution is comprised of a detailed explanation of various aspects of Hypothesis Test as it pertains to the given problem. The Interactive EXCEL sheet provides students with a clear perspective of the calculations and underlying concepts.

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