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In April of 2011, the unemployment rate in Canada was reported to be 7.7%. Suppose that Statistics Canada claims that the current unemployment rate is

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In April of 2011, the unemployment rate in Canada was reported to be 7.7%. Suppose that Statistics Canada claims that the current unemployment rate is lower than that of April 2011. Suppose a test was conducted on current unemployment and a random sample size of 800 found an unemployment rate at 6.7%. Test an appropriate hypothesis and state your conclusion. Use a significance level of 1.0%. (a) What are the null and alternative hypotheses? Hg: p c = 0.077 c 0.077 t H 0 HA: p (b) What is the test statistic? (Round your answer to 2 decimal places, if needed.) C] (c) Using the statistical table, what is the p-value? (Round your answer to 4 decimal places, if needed.) :l (d) Based on the p-value, fail to reject : the null hypothesis. (e) This data does not provide : sufficient evidence to conclude that the unemployment rate has decreased since April of 2011. Check

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