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 220 high school seniors in his random sample, 135 believe that "getting rich" is an important goal. Can he conclude, at the 0.05 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. Find the value of the test statistic. Round to three or more decimals. c. Find the p-value. d. Can we conclude that the proportion of high school seniors who believe that "getting rich" is an important goal has changed?
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 220 high school seniors in his random sample, 135 believe that "getting rich" is an important goal. Can he conclude, at the 0.05 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. Find the value of the test statistic. Round to three or more decimals.
c. Find the p-value.
d. Can we conclude that the proportion of high school seniors who believe that "getting rich" is an important goal has changed?
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