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Credit bureau data for a random sample of 1,214 college students between the ages of 18 and 24 found that 74% of students sampled held
Credit bureau data for a random sample of 1,214 college students between the ages of 18 and 24 found that 74% of students sampled held a credit card. Four years earlier, they had found that 77% of college students sampled held a credit card. (Assume the sample size is the same.) a. State the null and alternative hypotheses in words AND symbols. b. What is the statistic you will use to test this data? c. A theory-based hypothesis test was conducted on this data and a p-value of 0.08 was found. State your conclusion based on this p-value
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