Statistics: Solve Using Alpha Value
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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 a=.025?
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Solution Summary
This solution provides guidelines to calculate whether a company has exceeded their goal in processing orders.
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Hypotheses:
H0: p = 0.95 vs. HA: p > 0.95
Level of Significance: a = 2.5%
Decision Rule: Reject the null hypothesis if p-value < 0.025
Calculations: ...
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