Confidence in banks: A news poll conducted in 2012 asked a random sample of 1217 adults in the United States how much confidence they had in banks and other financial institutions. A total of 160 adults said that they had a great deal of confidence. An economist claims that greater than 11% of U.S. adults have a great deal of confidence in banks. Can you conclude that the economist's claim is true? Use both a= 0.05 and a=0.10 levels of significance and the critical value method with the table. Part 1 of 5 State the appropriate null and alternate hypotheses. dlo Ho: P = .11 H: p> .11 This hypothesis test is a right-tailed test. Part 2 of 5 Find the critical values. Round the answer to three decimal places. For a= 0.05 , the critical value is 1.645 For a=0.10 , the critical value is 1.282 Part 3 of 5 Compute the test statistic. Do not round intermediate calculations. Round the answer to tw decimal places. z= 2.39 Part: 3/5 Part 4 of 5 Determine whether to reject Ho. At the a= 0,05 level, (Choose one) ▼ the null hypothesis H. At the a 0.10 level, (Choose one) ▼ the null hypothesis Ho. Skip Part Check Answer Save For Later Submit Assignment O2021 McGraw-Hill Education. All Riahts Reserved. Terms of Use I Privacy |6|0回

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Confidence in banks: A news poll conducted in 2012 asked a random sample of 1217 adults in the
United States how much confidence they had in banks and other financial institutions. A total of 160
adults said that they had a great deal of confidence. An economist claims that greater than 11% of
U.S. adults have a great deal of confidence in banks. Can you conclude that the economist's claim is
true? Use both a= 0.05 and a= 0.10 levels of significance and the critical value method with the table.
Part 1 of 5
State the appropriate null and alternate hypotheses.
olo
Ho: p = .11
H: p> .11
This hypothesis test is a right-tailed
test.
Part 2 of 5
Find the critical values. Round the answer to three decimal places.
For a-0.05 , the critical value is 1.645
For a=0.10 , the critical value is 1.282
Part 3 of 5
Compute the test statistic. Do not round intermediate calculations. Round the answer to tw
decimal places.
z= 2.39
Part: 3/5
Part 4 of 5
Determine whether to reject Ho.
At the a= 0,05 level, (Choose one) ▼ the null hypothesis H.
At the a=0.10 level, (Choose one) ▼ the null hypothesis H,.
Skip Part
Check Answer
Save For Later
Submit Assignment
2021 McGraw-Hill Education. All Riahts Reserved. Terms of Use I Privacy
Transcribed Image Text:Confidence in banks: A news poll conducted in 2012 asked a random sample of 1217 adults in the United States how much confidence they had in banks and other financial institutions. A total of 160 adults said that they had a great deal of confidence. An economist claims that greater than 11% of U.S. adults have a great deal of confidence in banks. Can you conclude that the economist's claim is true? Use both a= 0.05 and a= 0.10 levels of significance and the critical value method with the table. Part 1 of 5 State the appropriate null and alternate hypotheses. olo Ho: p = .11 H: p> .11 This hypothesis test is a right-tailed test. Part 2 of 5 Find the critical values. Round the answer to three decimal places. For a-0.05 , the critical value is 1.645 For a=0.10 , the critical value is 1.282 Part 3 of 5 Compute the test statistic. Do not round intermediate calculations. Round the answer to tw decimal places. z= 2.39 Part: 3/5 Part 4 of 5 Determine whether to reject Ho. At the a= 0,05 level, (Choose one) ▼ the null hypothesis H. At the a=0.10 level, (Choose one) ▼ the null hypothesis H,. Skip Part Check Answer Save For Later Submit Assignment 2021 McGraw-Hill Education. All Riahts Reserved. Terms of Use I Privacy
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