1. The owner of a farm equipment repair shop is considering expanding to a new city, but they only want to do so if more than 35% of the city's households have farm equipment (otherwise they wouldn't get enough business). The owner surveys 150 households in the city and finds that 64 have farming equipment.
2. State the hypotheses for testing whether this sample provides evidence that more than 35% of households in this city own farming equipment.
3. The following page shows two different distributions which model this situation. Which of them would be appropriate for testing these hypotheses?
4. Is the distribution you chose a bootstrap distribution or a randomization distribution?
5. Use your p-value and a 5% significance level to make a decision about these hypotheses. Be sure to word your decision in the context of the problem.