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Do a majority of U.S. adults believe raising the minimum wage will help the economy, or is there a majority who do not believe
Do a majority of U.S. adults believe raising the minimum wage will help the economy, or is there a majority who do not believe this? A survey of 1,000 U.S. adults found that 39% believe it economy. Conduct an appropriate hypothesis test to help answer the research question. (Use a significance level of 0.05.) State the null and alternative hypotheses. (Enter != for as needed.) Ho p=.50 HA P>.50 Determine the test statistic. (Round your answer to two decimal places.) Determine the p-value. (Round your answer to four decimal places.) p-value Enter an exact number. What is your conclusion? O Reject Ho. There is insufficient evidence to conclude either a majority of U.S. adults believe raising the minimum wage will help the economy, or a majority don't believe this. O Reject Ho There is sufficient evidence to conclude either a majority of U.S. adults believe raising the minimum wage will help the economy, or a majority don't believe this. Fail to reject Ho. There is insufficient evidence to conclude either a majority of U.S. adults believe raising the minimum wage will help the economy, or a majority don't believe this. Fail to reject Ho. There is sufficient evidence to conclude either a majority of U.S. adults believe raising the minimum wage will help the economy, or a majority don't believe this. You may need to use the appropriate appendix table or technology to answer this question. help
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