Using 5% for the significance level, find the conclusion of this hypothesis testing in words using the critical value approach. Follow the questions below. 1) State the critical value. (Round to 4 decimal places) 2) State your conclusion using the critical value and the test statistics (Round to 4 decimal places) Exhibit 3: High school dropoutThe Institute of Education Sciences measures the high school dropout rate as the percentage ofage 16 - 24 people who are not enrolled in school and have not earned a high school credential.5 years ago, the high school dropout rate was 8.1%.A polling company recently took a survey of 1,000 people with age 16 - 24, and found that6.5% of them are dropped out of their high schools.The polling company would like to argue that the dropout rate has decreased.

Denote p as the true proportion of dropout students from high school.

Answered: Using 5% for the significance level,…

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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Using 5% for the significance level, find the conclusion of this hypothesis testing in words using the critical value approach. Follow the questions below.

1) State the critical value. (Round to 4 decimal places)

2) State your conclusion using the critical value and the test statistics (Round to 4 decimal places)

Exhibit 3: High school dropout
The Institute of Education Sciences measures the high school dropout rate as the percentage of
age 16 - 24 people who are not enrolled in school and have not earned a high school credential.
5 years ago, the high school dropout rate was 8.1%.
A polling company recently took a survey of 1,000 people with age 16 - 24, and found that
6.5% of them are dropped out of their high schools.
The polling company would like to argue that the dropout rate has decreased.

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