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Mathematics, 12.12.2019 04:31 lolsmaster3951

As part of a decision regarding a new product launch, you want to test whether or not a large enough percentage (10% or more) of the community would be interested in purchasing it. you will launch the product only if you find convincing evidence of such demand. a survey of 400 randomly selected people in the community finds that 13% are willing to try your proposed new product. why is a one-sided test appropriate here? identify the null and research hypotheses for a one-sided test using both words and mathematical symbols. perform the test at the 5% significance level and describe the result. p< 0.05 perform the test at the 1% significant level and describe the result. p < 0.01

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