Question:The owner believes that more than 50% of all customers who
visit the store buy books....
Question
The owner believes that more than 50% of all customers who
visit the store buy books....
The owner believes that more than 50% of all customers who
visit the store buy books. Since they don’t keep track of this
formally, she does so on a particular day and observes that 34 of
the 60 customers who visited also purchased a book.
In your own words, please state why we can’t say for sure that
she is correct even though observing more than 50% of customers
buying books on the day she tracked it matches with her
prediction.
Given her observation, and assuming this is a valid,
representative sample, can we say with 95% confidence that she is
correct? Please perform all six steps for hypothesis testing