Question: I need help solving question B t: Chapter 9 Assignment Assignment Score: 90.38% Save Submit Assignment for Grading Exercise 09.41 (Population Proportion) Question 10 of

I need help solving question B

I need help solving question B t: Chapter 9 Assignment Assignment Score:

t: Chapter 9 Assignment Assignment Score: 90.38% Save Submit Assignment for Grading Exercise 09.41 (Population Proportion) Question 10 of 13 Hint(s) Check My Work In 2018, RAND Corporation researchers found that 71% of all individuals ages 66 to 69 are adequately prepared financially for retirement. Many financial planners have expressed concern that a smaller percentage of those in this age group who did not complete high school are adequately prepared financially for retirement. a. Develop appropriate hypotheses such that rejection of Ho will support the conclusion that the proportion of those who are adequately prepared financially for retirement is smaller for people in the 66 - 69 age group who did not complete high school than it is for the population of the 66 - 69 age group. Ho : P greater than or equal to 0.71 v Ha : p less than 0.71 b. In a random sample of 300 people from the 66 - 69 age group who did not complete high school, 165 were not prepared financially for retirement. What is the p- value for your hypothesis test (to 4 decimals)? If your answer is zero, enter "0&quot

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!