= Quiz: Homework 6 Question 2 of 7 This quiz: 60 point(s) possible This question: 5 point(s) possible Submit quiz According to a 2016 report, 36% of 18-to-20-year-old students use credit cards for everyday purchases. Suppose a local bank believes that this share will increase over time because of shopping behaviors Question list K of students. To test this hypothesis, a random sample of 311 students was selected, 131 of whom use credit cards for everyday purchases. Using a = 0.05, complete parts a through c. O Question 1 a. State the null and alternative hypothesis. Let p be the population proportion. Determine the null hypothesis, Ho, and the alternative hypothesis, H,. Question 2 Ho : p O Question 3 (Type integers or decimals. Do not round.) b. What conclusions can be drawn for this test? O Question 4 Identify the critical value. (Round to two decimal places as needed.) Question 5 Calculate the appropriate test statistic. Zp =(Round to two decimal places as needed.) O Question 6 What is the final conclusion? O A. Do not reject Ho- There is not enough evidence to conclude that the proportion of students that use credit cards for everyday purchases has increased. O Question 7 O B. Do not reject Ho. There is enough evidence to conclude that the proportion of students that use credit cards for everyday purchases has increased. O C. Reject Ho. There is not enough evidence to conclude that the proportion of students that use credit cards for everyday purchases has increased