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An investigation discovered that in a random sample of 3,544 firms, 1240 announced one or more acquisitions during the year 2016. Does the sample provide sufficient evident to indicate that the true p
An investigation discovered that in a random sample of 3,544 firms, 1240 announced one or more acquisitions during the year 2016. Does the sample provide sufficient evident to indicate that the true percentage of all firms that announced one or more acquisitions during the year 2016 is greater than 30%? Use α = .05
H0: p = 0.30
H1: p > 0.30(Right tailed)
Decision rule : If p value < 0.05, then reject H0
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