In a survey of 703 randomly selected workers, 61% got their jobs through networking (based on data from Taylor Nelson Sofres Research). Use the sample data with a 0.05 significance level to test the claim that most (more than 50%) workers get their jobs through networking. What does the result suggest about the strategy for finding a job after graduation?
Test the given claim. Identify the null hypothesis, alternative hypothesis, test statistic, P-value or critical value(s), conclusion about the null hypothesis, and final conclusion that addresses the original claim. Use the P-value method unless your instructor specifies otherwise. Use the normal distribution as an approximation to the binomial distribution.