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An article about women in business claims that 28% of all small businesses in the United States are owned by women. Economist Sally Parks believes
An article about women in business claims that 28% of all small businesses in the United States are owned by women. Economist Sally Parks believes that this figure is overstated. To test her claim, Dr. Parks selects a random sample of 2,000 small businesses and finds that 546 of them are owned by women. Using a .10 significance level, does this sample data provide evidence to conclude that less than 28% of small businesses in the United States are owned by women? O No, because the test value z = - 0.697 is not in the rejection region. O No, because the test statistic is less than the p-value O Yes, because the p-value is greater than .10. O Yes, because the p-value .243 is greater than the critical value
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