In a study of check out scanners, 5 of 675 items were found to be overcharges, test at the 0.05 significance level, the claim that with scanners, 5% of sales are overcharges.
Determine the test statistic. Do not round until the final step. (round to nearest hundredth)
Step by step method for testing the hypothesis under 5 step approach is discussed here. Excel template for each problem is also included. This template can be used to obtain the answers of similar problems.