Question: A decade - old study found that the proportion, p , of high school seniors who believed that getting rich was an important personal goal
A decadeold study found that the proportion, of high school seniors who believed that "getting rich" was an important personal goal was A researcher decides to test whether or not that percentage still stands. He finds that, among the high school seniors in his random sample, believe that "getting rich" is an important goal. Can he conclude, at the level of significance, that the proportion has indeed changed?
Perform a twotailed test. Then complete the parts below.
Carry your intermediate computations to three or more decimal places. If necessary, consult a list of formulas.
a State the null hypothesis and the alternative hypothesis
:
:
b Determine the type of test statistic to use.
c Find the value of the test statistic. Round to three or more decimal places.
d Find the pvalue. Round to three or more decimal places.
e Can we conclude that the proportion of high school seniors who believe that "getting rich" is an important goal has changed?
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
