Show transcribed image text 2. As part of a decision regarding a new product launch, you want to test whether or not a large enous percentage (10% or more) of the community would be interested in purchasing it. You will launch the product only if you find convincing evidence of such demand. A survey of 400 randomly selected people in the community finds that 13% are willing to try your proposed new product. 1. Why is a one-sided test appropriate here? 2. Identify the null and research hypotheses for a one-sided test using both words and mathematical symbols. 3, perform the test at the 5% significance level and describe the result. 4. Perform the test at the 1% significant level and describe the result. 5. State the p-value as either p>0.05, p
2. As part of a decision regarding a new product launch, you want to test whether or not a large enous percentage (10% or more) of the community would be interested in purchasing it. You will launch the product only if you find convincing evidence of such demand. A survey of 400 randomly selected people in the community finds that 13% are willing to try your proposed new product. 1. Why is a one-sided test appropriate here? 2. Identify the null and research hypotheses for a one-sided test using both words and mathematical symbols. 3, perform the test at the 5% significance level and describe the result. 4. Perform the test at the 1% significant level and describe the result. 5. State the p-value as either p>0.05, p
