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10. Stanford University researchers published an MIT working paper titled The Economics of Ride Hailing: Driver Revenue, Expenses, and Taxes (February 2020). One of the
10. Stanford University researchers published an MIT working paper titled "The Economics of Ride Hailing: Driver Revenue, Expenses, and Taxes" (February 2020). One of the objectives of the study was to determine whether ride-share drivers at Uber and Lyft actually make a profit. In the sample of 1,122 ride-share drivers, 829 reported that they make less than the minimum wage in their state. Suppose an Uber executive reports that the true proportion of its ride-share drivers who make less than the minimum wage is less than 0.7. Is this claim supported by the sample data? Test using a = 0.10. Identify the null and altemative hypotheses for this test. Let p be the true proportion of its ride-share drivers who make less than the minimum wage. Choose the correct answer below. V H0:p=0.7vs.Ha:p0.7 H0:p0.7vs.Ha:p=0.7 Ho:p#0.7vs.Ha:p=0.7 Identify the test statistic for this test. 2 (Round to two decimal places as needed.) Identify the p-value for this test. p-value = (Round to three decimal places as needed.) Make a conclusion. Choose the correct answer below. 0 A. Reject the null hypothesis. There is not sufficient evidence to conclude that the true proportion of Ubefs ride-share drivers who make less than the minimum wage is less than 0.7. O B. Do not reject the null hypothesis. There is sufficient evidence to conclude that the true proportion of Ubers ride-share drivers who make less than the minimum wage is less than 0.7. O C. Do not reject the null hypothesis. There is not sufficient evidence to conclude that the true proportion of Ubel's ride-share drivers who make less than the minimum wage is less than 0.7. O D. Reject the null hypothesis. There is sufficient evidence to conclude that the true proportion of Ubefs ride-share drivers who make less than the minimum wage is less than 0.7
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