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A major credit card company is interested in the proportion of individuals who use a competitor's credit card. Their null hypothesis is H0 : p
A major credit card company is interested in the proportion of individuals who use a competitor's credit card. Their null hypothesis is H0 : p = 0.65 , and based on a sample they find a sample proportion of 0.70 and a p-value of 0.053. Is there convincing statistical evidence at the 0.05 level of significance that the true proportion of individuals who use the competitor's card is actually greater than 0.65 ? A) Yes, because the sample proportion 0.70 is greater than the hypothesized proportion 0.65. B) Yes, because the p-value 0.053 is greater than the significance level 0.05. C) No, because the sample proportion 0.70 is greater than the hypothesized proportion 0.65. D) No, since the sample proportion 0.70 is exactly 0.05 away from the hypothesized proportion 0.65. E) No, because the p-value 0.053 is greater than the significance level 0.05
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