Question
A 2014 study by the reputable Gallup organization estimates that 34% of U.S. adults are worried about money. We want to know if the proportion
A 2014 study by the reputable Gallup organization estimates that 34% of U.S. adults are worried about money. We want to know if the proportion is greater this year. We select a random sample of 100 U.S. adults this year and find that 40% are worried about money. After carrying out the hypothesis test forH0:p=0.34 compared toHa :p>0.34 , we obtain a Pvalue of 0.10. Which of the following interpretations of the Pvalue is correct?
Group of answer choices
1)There is a 10% chance that a sample of 100 U.S. adults will have 40% or more worried about money if 34% of the population is worried about money this year.
2)There is a 10% chance that 34% of U.S. adults are worried about money this year.
3)There is a 10% chance that 40% of U.S. adults are worried about money this year.
4)There is a 10% chance that 40% or more of U.S. adults are worried about money this year if 34% were worried about money in 2014.
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