In a simple random sample of 24 small business owners, 20 said that hiring college graduates makes their workplace better. Test the hypothesis that more than 70% of small business owners believe that hiring college graduates makes their workplace better at the 0.10 level. What is the alternative hypothesis? p > 0.7 p > 0.7 p > 0.83 p> 0.83 p > 0.83 p > 0.7 p > 0.7 p2 0.83 What is the appropriate critical value? 1.645 1.319 1.282 1.714 State your decision given a test statistic of 4.7. Fail to reject Ho Reject Ho Аcсept Ho

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In a simple random sample of 24 small business owners, 20 said that hiring college graduates makes their
workplace better. Test the hypothesis that more than 70% of small business owners believe that hiring
college graduates makes their workplace better at the 0.10 level.
What is the alternative hypothesis?
p > 0.7
p2 0.7
p 2 0.83
p > 0.83
p > 0.83
p > 0.7
p 2 0.7
p > 0.83
What is the appropriate critical value?
1.645
1.319
1.282
1.714
State your decision given a test statistic of 4.7.
Fail to reject Ho
Reject Ho
Accept Ho
Transcribed Image Text:In a simple random sample of 24 small business owners, 20 said that hiring college graduates makes their workplace better. Test the hypothesis that more than 70% of small business owners believe that hiring college graduates makes their workplace better at the 0.10 level. What is the alternative hypothesis? p > 0.7 p2 0.7 p 2 0.83 p > 0.83 p > 0.83 p > 0.7 p 2 0.7 p > 0.83 What is the appropriate critical value? 1.645 1.319 1.282 1.714 State your decision given a test statistic of 4.7. Fail to reject Ho Reject Ho Accept Ho
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