A recent survey in the N.Y. Times Almanac indicated that 48.8% of families own stock. A broker wanted to determine if this survey could be valid. He surveyed a random sample of 250 families and found that 143 owned some type of stock. At the 0.05 significance level, can the survey be considered to be accurate? a. State the p-value. (Round your answer to four decimal places.) b. What is your decision? reject/not reject? c. Write a conclusion. There is sufficient evidence to conclude that the percent of families who own stock is not 48.8%. There is not sufficient evidence to conclude that the percent of families who own stock is not 48.8%.

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A recent survey in the N.Y. Times Almanac indicated that 48.8% of families own stock. A broker wanted to determine if this survey could be valid. He surveyed a random sample of 250 families and found that 143 owned some type of stock. At the 0.05 significance level, can the survey be considered to be accurate?

a. State the p-value. (Round your answer to four decimal places.)

b. What is your decision?

reject/not reject?

c. Write a conclusion.

There is sufficient evidence to conclude that the percent of families who own stock is not 48.8%.
There is not sufficient evidence to conclude that the percent of families who own stock is not 48.8%.  
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