Find the test statistic for this hypothesis test.Z=Determine the P Value P-Value= A headline read, "More Than Half of Americans Say Federal Taxes Too High." The headline was based on a random sample of 1016 adult Americans in which 520 stated the amount of federal taxthey have to pay is too high. Is this an accurate headline? Assume the x = 0.1 level of significance.Identify the null and alternative hypotheses for this test.OA. Ho: p=0.50H₁: p=0.50OB. Ho: p0.50H₁: p=0.50OC. Ho: p=0.50H₁: p<0.50

Sample size n =1016 Favorable cases x =520 Sample proportion p^=x/n =510/1016 =0.5118

Answered: Find the test statistic for this…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Find the test statistic for this hypothesis test. Z= Determine the P Value P-Value