Question
A decade-old study found that the proportion, p, of high school seniors who believed that getting rich was an important personal goal was 75%. A
A decade-old study found that the proportion, p, of high school seniors who believed that "getting rich" was an important personal goal was 75%. A researcher decides to test whether or not that percentage still stands. He finds that, among the 225 high school seniors in his random sample,170 believe that "getting rich" is an important goal. Can he conclude, at the 0.05 level of significance, that the proportion has indeed changed?
Perform a two-tailed test. Then complete the parts below.
Carry your intermediate computations to three or more decimal places and round your answers as specified in the table. (If necessary, consult a list of formulas.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started