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Confidence in banks: A poll conducted in 2012 asked a random sample of 1276 adults in the United States how much confidence they had in

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Confidence in banks: A poll conducted in 2012 asked a random sample of 1276 adults in the United States how much confidence they had in banks and other financial institutions. A total of 150 adults said that they had a great deal of confidence. An economist claims that less than 14% 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 = 0.01 and a = 0.05 levels of significance and the P-value method with the TI-84 Plus calculator. Part: 0 / 4 Part 1 of 4 (a) State the appropriate null and alternate hypotheses. H : P P This hypothesis test is a two-tailed test. Part: 1 / 4 Part 2 of 4 (b) Compute the P-value. Round the answer to at least four decimal places. P-value = 1Part 3 of 4 (c) Determine whether to reject Ho. At the a = 0.05 level, reject the null hypothesis Ho. X 5 At the a = 0.01 level, reject the null hypothesis Ho. Part: 3 / 4 Part 4 of 4 (d) State a conclusion. At the a = 0.05 level of significance, there (Choose one) enough evidence to conclude that less than 14% of U.S. adults have a great deal of confidence in banks. At the a = 0.01 level of significance, there (Choose one) V enough evidence to conclude that less than 14% of U.S. adults have a great deal of confidence in banks

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