Only about 15% of all people can wiggle their ears. Is this percent less for millionaires? Of
Fantastic news! We've Found the answer you've been seeking!
Question:
Only about 15% of all people can wiggle their ears. Is this percent less for millionaires? Of the 463 millionaires surveyed, 58 could wiggle their ears. What can be concluded at the 0.05 level of significance?
H0: p = 0.15
Ha: p [ Select ] ["<", "Not Equal to", ">"] 0.15
Test statistic: [ Select ] ["Chi-square", "Z", "F", "t"]
p-Value = [ Select ] ["0.068", "0.059", "0.004", "0.002"] Round your answer to three decimal places.
[ Select ] ["Reject the null hypothesis", "Fail to reject the null hypothesis"]
Conclusion: There is [ Select ] ["sufficient", "insufficient"] evidence to make the conclusion that the fewer than 15% of all millionaires can wiggle their ears.
Related Book For
Finance Applications and Theory
ISBN: 978-0077861681
3rd edition
Authors: Marcia Cornett, Troy Adair
Posted Date: