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Confidence in banks: A poll conducted asked a random sample of 1217 adults in the United States how much confidence they had in banks and
Confidence in banks: A poll conducted asked a random sample of 1217 adults in the United States how much confidence they had in banks and other financial institutions. A total of 160 adults said that they had a great deal of confidence. An economist claims that greater than 11 % of U.S. adults have a great deal of confidence in banks. Can you conclude that the economist's claim is true? Use both a = 0.05 and a = 0.10 levels of significance and the P-value method with the TI-84 Plus calculator. Part: 0 / 5 Part 1 of 5 (a) State the appropriate null and alternate hypotheses. Ho: p = .11 0 0=0 H: p> . 11 p This hypothesis test is a right-tailed test. X Part: 1 / 5 Pa of 5(c) Compute the P-value. Round the answer to at least four decimal places. Part 4 of 5 (d) Determine whether to reject Ho. At the a = 0.10 level, reject the null hypothesis Ho. X At the a = 0.05 level, reject the null hypothesis Ho. Part: 4 / 5 Part 5 of 5 (e) State a conclusion. At the a = 0.10 level of significance, there is enough evidence to conclude that greater than 11% of U.S. adults have a great deal of confidence in banks. At the a = 0.05 level of significance, there is enough evidence to conclude that greater than 11% of U.S. adults have a great deal of confidence in banks. X 5
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