Scenario: Erna Economist claims that a majority of Americans feel that corporations make too much profit. According to a 2019 Pew Research poll, 56% of a random sample of 1,500 adults said that business corporations make too much profit. Run a hypothesis test to assess Erna Economist's claim. Question: What is the correct p-value for this test? Op = .05 Op< .0001 Op = .01 Op < .0002

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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a) What is the correct p-value for this test?
Scenario: Erna Economist claims that a
majority of Americans feel that corporations
make too much profit. According to a 2019
Pew Research poll, 56% of a random sample
of 1,500 adults said that business
corporations make too much profit. Run a
hypothesis test to assess Erna Economist's
claim.
Question: What is the correct p-value for
this test?
Op = .05
Op < .0001
O p = .01
Op< .0002
Transcribed Image Text:Scenario: Erna Economist claims that a majority of Americans feel that corporations make too much profit. According to a 2019 Pew Research poll, 56% of a random sample of 1,500 adults said that business corporations make too much profit. Run a hypothesis test to assess Erna Economist's claim. Question: What is the correct p-value for this test? Op = .05 Op < .0001 O p = .01 Op< .0002
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