Do the data allow us to conclude that more than 50% of all business students would rate the book as excellent?.
A professor of business statistics recently adopted a new textbook. At the completion of the course, 100 randomly selected students were asked to assess the book. The responses are as follows:,Excellent (1), Good (2), Adequate (3), Poor (4),The results are stored using the codes in parentheses. Do the data allow us to conclude that more than 50% of all business students would rate the book as excellent?