Now look at the following problems, for each problem state the test and write out all 5 steps
A consumer report group claims that more than 60 percent of the 1,000,000 customers of a large electric company are satisfied with the service they receive. To test this claim, the local newspaper surveyed 100 customers, using simple random sampling. Among the sampled customers, 73 percent say they are satisfied. Based on these findings, can we reject the consumer report group’s null hypothesis that not more than 60% of the customers are very satisfied? Use a 0.05 level of significance.
State the Test: