MATH - STATISTICS: Problem 1
For each of the following claims mention what type of test should be used (one-tail, two-tail) and set up the null and alternate hypothesis.
Consider that the critical value is = CV. For each H0, mentioned the acceptance range.
a) The 87Cents Store claims that their daily profit is at least $5000.
b) The Pastry shop claims that its chocolate cookies at least 50% chocolate per cookie.
c) PS193 claims that its students scored in the 95thile.
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