Suppose from a sample of data, we have X passengers nally show up for a ight while n people booked the tickets.
(a). State the hypothesis test (with the formula of test statistic) could be used to see if the show-up ratio of people booked tickets is larger than 0.7.
(b). Find the formula for the P-value for the hypothesis test, and state your understanding of it and make sure it is understandable by people (mostly your future colleagues, bosses or clients) without much statistic background.