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Questions 33 - 39 concern the following idea: A writer for a magazine on finance and wealth management plans to write a piece on increasing
Questions 33 - 39 concern the following idea: A writer for a magazine on finance and wealth management plans to write a piece on increasing interest rates. She thinks that the central bank will increase interest rates by at most 2 basis points over the next year. To support her thinking, she surveys 100 economists and finds that 51 of them agree with her opinion. In her article, she later writes "Significantly more than half of economists believe that the central bank will increase interest by at most 2 basis points over the next year". Is this statement warranted? Let p be the population proportion of economists that think that the central bank will increase interest rates by at most 2 basis points over the next year. If you were trying to show support for the writer's claim, state the necessary null and alternative hypotheses for conducting a hypothesis test. O a. Ho : p 2 0.5 H1 :p 0.02 O d. Ho : p s 0.5 H1 : p > 0.5 O e. Ho : p
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