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24. A business claims that no more than 1.2% of all its products do not meet...

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Statistics

24. A business claims that no more than 1.2% of all its productsdo not meet the minimum government standards. A survey of 450products revealed that 10 did not meet the standards. If the levelof significance is 0.02, what should be the decision in thetest?

A. Reject the null hypothesis, and agree that more than 1.2% ofproducts fail to meet government standards.

B. There is insufficient evidence to reject the nullhypothesis.

C. Do not reject the null hypothesis, and agree that no morethan 1.2% of products fail to meet government standards.

D. Information is insufficient for finding the critical value ofthe test, thus no decision can be made.

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