Monday, July 18, 2011
Hypothesis Testing P-value?
Suppose that a company orders 94 cakes for a party and 60 of the cakes are supposed to be chocolate while the rest are supposed to be vanilla. This is the population proportion for this test. The head of the party planning committee decides to sample 5 of the cakes to see if they received the correct order. He finds that 3 of the cakes are chocolate. (Assume that the population has a normal distribution.) Perform a hypothesis test at the 0.01 level of significance to determine whether they received 60 chocolate cakes of the 94 cakes. Need to find the test statistic, the critical value, and then compute the p-value
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