An economist is testing the hypothesis that the employment rate for law school graduates is different from

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An economist is testing the hypothesis that the employment rate for law school graduates is different from 86.7%. The economist is using a 5% significance level and these hypotheses: H0: p = 0.867 and Ha: p ≠ 0.867. Explain what the 5% significance level means in context.

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Introductory Statistics Exploring The World Through Data

ISBN: 9780135163146

3rd Edition

Authors: Robert Gould, Rebecca Wong, Colleen N. Ryan

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