Is college worth it? Among a simple random sample of 331 American adults who do not have a four-year college degree and are not currently enrolled in school, 48% said they decided not to go to college because they could not afford school. (a) A newspaper article states that only a minority of the Americans who decide not to go to college do so because they cannot afford it and uses the point estimate from this survey as evidence. Conduct a hypothesis test at the 5% level of significance to determine if these data provide strong evidence supporting this statement. The hypotheses for this test are: О Но: р %3D .5 На: р> .5 Ho: p = .5 Ha: p z .5 Ho: p = .5 На: р <.5 The test statistic is: Z= (please round to two decimal places) The p-value associated with this hypothesis test is: (please round to four decimal places) What is the conclusion of the hypothesis test?

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Is college worth it? Among a simple random sample of 331 American adults who do not have a four-year
college degree and are not currently enrolled in school, 48% said they decided not to go to college because
they could not afford school.
(a) A newspaper article states that only a minority of the Americans who decide not to go to college do so
because they cannot afford it and uses the point estimate from this survey as evidence. Conduct a hypothesis
test at the 5% level of significance to determine if these data provide strong evidence supporting this
statement.
The hypotheses for this test are:
О Но: р %3D .5
На: р> .5
Но: р %3
На: р # .5
.5
Ho: p = .5
На: р <.5
The test statistic is: Z=
(please round to two decimal places) The p-value associated
with this hypothesis test is:
(please round to four decimal places) What is the
conclusion of the hypothesis test?
Transcribed Image Text:Is college worth it? Among a simple random sample of 331 American adults who do not have a four-year college degree and are not currently enrolled in school, 48% said they decided not to go to college because they could not afford school. (a) A newspaper article states that only a minority of the Americans who decide not to go to college do so because they cannot afford it and uses the point estimate from this survey as evidence. Conduct a hypothesis test at the 5% level of significance to determine if these data provide strong evidence supporting this statement. The hypotheses for this test are: О Но: р %3D .5 На: р> .5 Но: р %3 На: р # .5 .5 Ho: p = .5 На: р <.5 The test statistic is: Z= (please round to two decimal places) The p-value associated with this hypothesis test is: (please round to four decimal places) What is the conclusion of the hypothesis test?
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