Mathematics, 26.03.2020 22:04, vjacksongonzalez

The quality manager at Bestiful Company is certifying a new process that must produce 95% (or better) good product before the process is considered proven. A sample of 40 containers from the process line are tested, and 93% are found to be good. Suppose the null hypothesis is formulated as: p = 95%, and the alternative hypothesis is formulated as: p < 95%. The significance level is set at α = 0.01. Calculate the p-value of the test. Please type your answer with 4 decimal places.

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The quality manager at Bestiful Company is certifying a new process that must produce 95% (or better...