Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Confidence in banks: A poll conducted in 2012 asked a random sample of 1268 adults in the United States how much confidence they had in

image text in transcribed
Confidence in banks: A poll conducted in 2012 asked a random sample of 1268 adults in the United States how much confidence they had in banks and other financial institutions. A total of 144 adults said that they had a great deal of confidence. An economist claims that less 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 1 of 4 (a) State the appropriate null and alternate hypotheses. Ho : H : This hypothesis test is a left-tailed V test. Part 2 of 4 (b) Compute the P-value. Round the answer to at least four decimal places. P-value= Part 3 of 4 (c) Determine whether to reject Ho. At the a = 0.10 level, reject the null hypothesis Ho- At the a=0.05 level, do not reject V the null hypothesis Ho- Submit Assignment

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Precalculus Enhanced With Graphing Utilities (Subscription)

Authors: Michael, Michael Sullivan III, Michael III Sullivan, III Sullivan

6th Edition

0321849108, 9780321849106

More Books

Students also viewed these Mathematics questions