Question: Heritage Union has said that 66 of U S adults have

Heritage Union has said that 66% of U.S. adults have purchased life insurance. Suppose that for a random sample of 50 adults from a given U.S. city, a researcher finds that only 56% of them have purchased life insurance. At the 0.05 level in a one-tail test, is this sample finding significantly lower than the 66% reported by Heritage Union? Determine and interpret the p-value for the test.

View Solution:

Sale on SolutionInn
  • CreatedSeptember 08, 2015
  • Files Included
Post your question