Given ˆpp^ = 0.3714 and N = 35 for the high income group, Test the claim that the proportion of children in the high income group that drew the nickel too large is smaller than 50%. Test at the 0.1 significance level.
a) Identify the correct alternative hypothesis:
μ>.50μ>.50
p=.50p=.50
p<.50p<.50
p>.50p>.50
μ=.50μ=.50
μ<.50μ<.50
Give all answers correct to 3 decimal places.
b) The test statistic value is:
c) Using the P-value method, the P-value is:
d) Based on this, we
Reject H0H0
Fail to reject H0H0
e) Which means
The sample data supports the claim
There is sufficient evidence to warrant rejection of the claim
There is not sufficient evidence to support the claim
There is not sufficient evidence to warrant rejection of the claim