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1 . In 1 9 6 0 the homeownership rate in the United States was 6 2 % . Is there evidence to indicate that

1. In 1960 the homeownership rate in the United States was 62%. Is there evidence to indicate that the homeownership rate is now higher? To answer the question, the researchers sample 502 randomly chosen American adults, and find that 315 own their home. Do the complete analysis, including correctly stating the hypotheses, calculating the test statistic and p-value, and giving a graph in which the area corresponding to the p-value is shaded.

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