Question: Please notice, when doing hypothesis testing, p value is needed. Without p value, you will lose points. Q1. Review the following video. According to the

Please notice, when doing hypothesis testing, p value is needed. Without p value, you will lose points. Q1. Review the following video. According to the video problem, you are required to do: a. Please take a piece of paper and write down the process of establishing confidence interval for the problem in the video step by step. Please notice the video provided the answer, but with calculator. The expectation is you solve it with formula, according to your understanding. Do not show the process with calculator again. (20 points) b. According to experience, 13% of students took public transportation. Test if the proportion increased. Solve the problem step by step. ( 40 points) is the problem this economy facing? 4. Assume the economy is operating above full employment. Draw the AD/AS model that represents this scenario. What type of gap exists in this economy? What is the problem this economy facing? Suppose the economy experiences a higher oil price due to OPEC's

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