A Company Reports That 80% of Its Employees Participate in the Company's

Essay

A company reports that 80% of its employees participate in the company's stock purchase plan. A random sample of 50 employees was asked the question, "Do you participate in the stock purchase plan?" The answers are shown below.

$$\begin{array} { l l l l l l l l l l } \text { yes } & \text { no } & \text { no } & \text { yes } & \text { no } & \text { no } & \text { yes } & \text { yes } & \text { no } & \text { no } \\\text { no } & \text { yes } & \text { yes } & \text { yes } & \text { no } & \text { yes } & \text { no } & \text { no } & \text { yes } & \text { yes } \\\text { no } & \text { yes } & \text { yes } & \text { no } & \text { yes } & \text { yes } & \text { no } & \text { yes } & \text { yes } & \text { yes } \\\text { yes } & \text { no } & \text { no } & \text { yes } & \text { yes } & \text { yes } & \text { yes } & \text { yes } & \text { no } & \text { yes } \\\text { no } & \text { yes } & \text { yes } & \text { no } & \text { yes } & \text { yes } & \text { yes } & \text { yes } & \text { yes } & \text { yes }\end{array}$$ Perform the appropriate test of hypothesis to investigate your suspicion that fewer than 80% of the company's employees participate in the plan. Use $\alpha = .05 .$