Question: Really need help understanding all ofThis using minitab as well as question 2 about assumptions. I don't get any of this. Please help Question Set

Really need help understanding all ofThis using minitab as well as question 2 about assumptions. I don't get any of this. Please help

Really need help understanding all ofThis using minitab as well as question

Question Set 1: Proportion of Employees Who Own Their Homes 1. In this question set, you will be working with the following scenario. In a random sample of 50 adult residents in one town, 28 owned their home. Use these sample data to answer the following questions Use the five-step hypothesis testing procedure outlined below to determine if there is evidence that the proportion of all adult residents in this town who own their home is different from 0.5. Use Minitab. If assumptions are met, use the normal approximation method. Other than checking assumptions, you should not need to do any calculations by hand. Remember to include all relevant Minitab output and to clearly identify your answers to each step. Step 1. Check assumptions and write hypotheses Step 2. Calculate the test statistic Step 3. Determine the p value Step 4. Decide to reject or fail to reject the null Step 5. State a "real world" conclusion 2. Construct a 95% confidence interval to estimate the proportion of all adult residents in this town who own their homes. Show how you checked assumptions. If assumptions were met, use the normal approximation method. Remember to include all relevant Minitab output and to clearly identify your answer. Other than checking assumptions, you should not need to do any calculations by hand. 3. What sample size would be needed to construct a 95% confidence interval to estimate the proportion of all adult residents in this town who own their own home with a margin of error of +5%? Use the observed sample proportion from the scenario as an estimate for the population proportion. You will need to do calculations by hand. Show all of your work using the equation editor

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