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PART C— find the p-value of the test

A company that stocks shelves in supermarkets is considering expanding the supply that it delivers. Items that are not sold must be discarded at the end of the day, so it only wants to schedule additional deliveries if stores regularly sell out. A break-even analysis indicates that an additional delivery cycle will be profitable if items are selling out in more than 62% of markets. A survey during the last week in 43 markets found the shelves bare in 37. Complete parts a c. A. Ho:p20.8605 vs. Ha: p < 0.8605 B. Ho: p20.62 vs. H P 0.62 O c. Ho ps 0B605 vs. Ha·p> 0.8605 D. Ho: ps0.62 vs. H.: p>0.62 (b) Describe a Type I error and a Type II error in this context Choose the correct answer below O A Choosing not to schedule additional deliveries when more than 62% o markets egula y sell out is a Type l error. Cho sing to schedule addi nal de enes y B Choosing to schedule additional del enes when less than 62% of markets re ularly sel out is a Type 1 eror. Choosing not to schedule additional deliveres when less than 62% of markets regularly sell out is a Type II error. when more than 62% of markets regularly sell out is a Type II error. C. Choosing to schedule additional deliveries when more than 62% of markets regularly sell out is a Type l error. Choosing not to schedule additional dei enes O D Choosing to schedule additional deliver es when less than 62% of markets regularly sel out is a Type l e or choosing not to schedule additional deliveries (c) Find the p-value of the test. Do the data reject the null hypothesis if the α-level is 0.05? when more than 62% of markets regularly sel out is a Type ll error. when less than 62% of markets regularly sell out is a Type II error. p-value (Round to four decimal places as needed.)
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