A study found that 68% of the population owns a home in a random sample of 150 households 92 owned a home at the a=0.01 level is there enough evidence to reject the claim
The following null and alternative hypotheses for the population proportion needs to be tested:
This corresponds to a two-tailed test, for which a z-test for one population proportion will be used.
Based on the information provided, the significance level is and the critical value for a two-tailed test is
The rejection region for this two-tailed test is
The z-statistic is computed as follows:
Since it is observed that it is then concluded that the null hypothesis is not rejected.
Using the P-value approach:
The p-value is and since it is concluded that the null hypothesis is notrejected.
Therefore, there is not enough evidence to claim that the population proportion is different than at the significance level.
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