Question: You may need to use the appropriate appendix table or technology to answer this question. In a certain year, 24% of people aged 65769 worked.

 You may need to use the appropriate appendix table or technology
to answer this question. In a certain year, 24% of people aged

You may need to use the appropriate appendix table or technology to answer this question. In a certain year, 24% of people aged 65769 worked. Suppose that a recent report claimed that the percentage of people aged 55759 who work has increased since that year. The findings reported were consistent with taking a sample of one people aged 65769 and nding that 162 of them were working. (a) Develop a point estimate of the proportion of people aged 6569 who are working. (in) Set up a hypothesis test so that the rejection of Ho will allow you to conclude that the proportion of people aged 6569 working has increased in recent years. H0: p 0.24 Ho: p > 0.24 (c) Conduct your hypothesis test using a = 0.05. What is your conclusion? Find the value or the test statistic. (Round your answer to two decimal places.) Find the pyalue, (Round your answer to four decimal places.) p-value : State your conclusion. Reject Ho. We cannot conclude that the proportion of people aged 6569 who work has increased in recent years. Do not reject Ho. We can conclude that the proportion of people aged 6569 who work has increased in recent years, Da not reject H\". We cannot conclude that the proportion of people aged 55-59 who work has increased in recent years. Reject H0. We can conclude that the proportion of people aged 65769 who work has increased in recent years

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 Mathematics Questions!