Question: working needed Question 2: A recent article in the daily express newspaper reported that only one in four new college graduates are able to obtain

working needed

working needed Question 2: A recent article in the daily express newspaper

Question 2: A recent article in the daily express newspaper reported that only one in four new college graduates are able to obtain a job. The reason stated is that there is an overabundance of college graduates and a recession. A survey of 150 college graduates revealed that 47 had jobs. Using a significant level of mju = 0.01, conduct a hypothesis test to examine if a larger proportion of college graduates have jobs than the newspaper claim. a) State the null hypothesis and the alternative hypothesis. b) State the decision rule for 0.01 significant (2dp) Reject Ho if z is > [ ] c) Compute the value of the test statistic (2dp) Test statistic = [ ] d) Testing at the 0.01 level of significant whether the proportion of college graduates that have jobs is larger than the newspaper claim. Reject/Not reject Ho. There is [ ] evidence to conclude that a larger proportion of college graduates have jobs than the newspaper claim

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