A publisher of a newsmagazine has found through past experience that 60% of subscribers renew their subscriptions. In a random sample of 200 subscribers, 108 indicated that they planned to renew their subscriptions. What is the p-value associated with the test that the current rate of renewals differs from the rate previously experienced?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section: Chapter Questions
Problem 8CR
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A publisher of a newsmagazine has found through past experience that 60% of subscribers renew their subscriptions. In a random sample of 200 subscribers, 108 indicated that they planned to renew their subscriptions. What is the p-value associated with the test that the current rate of renewals differs from the rate previously experienced?
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