A decade-old study found that the proportion, p, of high school seniors who believed that "getting rich" was an important personal goal was 70%. A researcher decides to test whether or not that percentage still stands. He finds that, among the 245 high school seniors in his random sample, 178 believe that "getting rich" is an important goal. Can he conclude, at the 0.10 level of significance, that the proportion has indeed changed? Perform a two-tailed test.
A decade-old study found that the proportion, p, of high school seniors who believed that "getting rich" was an important personal goal was 70%. A researcher decides to test whether or not that percentage still stands. He finds that, among the 245 high school seniors in his random sample, 178 believe that "getting rich" is an important goal. Can he conclude, at the 0.10 level of significance, that the proportion has indeed changed?
Perform a two-tailed test. Then complete the parts below. Carry your intermediate computations to three or more decimal places.
A. State the null hypothesis H0 and the alternative hypothesis H1
B. Would (Z) (t) (Chi-square) or (F) be the best statistic to use?
C. Find the value of the test statistic. (Round to three or more decimal places.)
D. Find the p-value. (Round to three or more decimal places.)
E.
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