Business, 04.05.2020 22:48 db328

A local restaurant believes that at least 25% of its customers come from a 3-mile radius of its location. A random sample of 300 customers was conducted to test this hypothesis at the 0.01 level of significance. Fifty-four of the customers responded that they lived within a 3-mile radius of the restaurant. Using a Critical Value Approach, the appropriate decision is .

Reject H. o. The calculated test statistic falls beyond the critical value.
Do not reject H. o. The calculated test statistic does not fall within the rejection region of the curve.
Accept H. o. The calculated test statistic does not fall within the rejection region of the curve.
Accept Ha. The calculated test statistic does not fall within the rejection region of the curve.
(added a . to h. o because of censorship.)

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A local restaurant believes that at least 25% of its customers come from a 3-mile radius of its loca...