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2. A consulting firm often submits health care management proposals for projects in competition with one...

2. A consulting firm often submits health care management proposals for projects in competition with one particular firm of very similar capabilities. A relatively new vice president in charge of the health care division has submitted 20 proposals against the competitor. The firm has won contracts in only 6 of these cases, with the competitor winning the other 14. The president of the firm, noting this fact, concludes that the data prove that the vice president cannot win half the time against the competitor. At 96% level of confidence, do you agree with the president’s conclusion? Please show the necessary steps and explain your results.

Math   Statistics-And-Probability   
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