A polling agency reports that over 60% of U.S. adults think that the federal government’s bank bailouts were bad for the U.S. In a random sample of 298 U.S. adults, 167 said that the federal government’s’ bank bailouts were bad for the U.S. At ? = 0.01, is there enough evidence to support the agency’s claim?

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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A polling agency reports that over 60% of U.S. adults think that the federal government’s bank
bailouts were bad for the U.S. In a random sample of 298 U.S. adults, 167 said that the federal
government’s’ bank bailouts were bad for the U.S. At ? = 0.01, is there enough evidence to
support the agency’s claim?

Required steps: 1) name given values, 2) state null and alternate hypotheses, identifying the claim, 3) verify the sample is approximately normal, 4) sketch the representative density curve, 5) compute test statistic, 6) summarize findings in a statement

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