Question: A decadeold study found that the proportion, p, of high school seniors who believed that getting rich was an important personal goal was 75%. A

A decadeold study found that the proportion, p, of high school

A decadeold study found that the proportion, p, of high school seniors who believed that "getting rich" was an important personal goal was 75%. A researcher decides to test whether or not that percentage still stands. He finds that, among the 250 high school seniors in his random sample, 168 believe that "getting rich" is an important goal. Can he conclude, at the 0.01 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 H0 and the alternative hypothesis H1. H0 :I] H1 :1] (b) Determine the type of test statistic to use. (Chooseone) V D=El EISEI EIZEI (c) Find the value of the test statistic. (Round to three or more decimal places.) III (d) Find the pvalue. (Round to three or more decimal places.) III (e) Can we conclude that the proportion of high school seniors who believe that "getting rich" is an important goal has changed? E|==El E|EI xo'? OYes O No

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