Mathematics, 26.11.2020 03:10 Geo777
The CEO of a large company claims that 85% of customers are repeat customers. They define a repeat customer as someone who makes more than one purchase per month. A random sample of 200 customers shows that 162 are repeat customers. Do these data provide convincing evidence at the 5% significance level that less than 85% of customers of this company are repeat customers?
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