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An article reported that73%of companies have Twitter accounts. An economist thinks the percentage is higher at technology companies. She samples70 technology companies and finds that57

An article reported that73%of companies have Twitter accounts. An economist thinks the percentage is higher at technology companies. She samples70 technology companies and finds that57 of them have Twitter accounts. Can she conclude that more than73% of technology companies have Twitter accounts? Use the = 0.05 level of significance and theP-valuemethod.

  1. State the null and alternate hypotheses.
  2. Is this hypothesis test right-tailed, left-tailed, or two-tailed?
  3. Compute the test statistic. Do not round intermediate steps. Round the answer to two decimal places.
  4. Compute theP-value.Use the answer from the last question. Round the answer to four decimal places.
  5. Determine whether to rejectH0.
  6. State a conclusion.

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