In a 2013 Affluent Americans and their Money survey of all adults of all income levels, 82% of the respondents agreed with the statement, "Money doesn't buy happiness, but it helps". In a recent random sample of 1200 adults, 850 agreed with that statement. At the 2% level of significance, can you conclude that the current percentage of adults who agree with this statement is less than 82%? Use the p-value approach SHOW YOUR WORK -- i.e., exhibit each step in the process (info, including alpha-level, stating hypotheses, affirming conditions, finding SE, finding z, finding PERC, finding p-value, comparing with alpha-level (significance level), and stating a conclusion).

Conclusion: Based on a significance level of 2%, we can conclude that we should