Question: 1. For a certain year a study reports that the percentage of Americans aged 21 - 30 that had personal credit card debt was

1. For a certain year a study reports that the percentage of Americans aged 21 - 30 that had personal credit card debt was 60%. A researcher claims that this is too high for Americans aged 21 - 30 that have at least a Bachelor's degree. In a random sample of 350 Americans aged 21 - 30 with at least a Bachelor's degree, 196 of them had personal credit card debt. a. State the null and alternative hypotheses. b. Determine the correct distribution and critical value(s) using = 0.05. C. Compute the appropriate test statistic and its corresponding p-value. d. Make your decision about the evidence and provide a justification.

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