Chapter 8, Problem 8SE

Law School Grad Employment The National Association for Law Placement estimated that $86.7\%$ of law school graduates in 2015 found employment. An economist thinks the current employment rate for law school graduates is different from the 2015 rate. Pick the correct pair of hypotheses the economist could use to test this claim.

i. ${\text{H}}_{\text{0}}:p\ne 0.867$

${\text{H}}_{\text{a}}:p=0.867$

ii. ${\text{H}}_{\text{0}}:p=0.867$

${\text{H}}_{\text{a}}:p>0.867$

iii. ${\text{H}}_{\text{0}}:p=0.867$

${\text{H}}_{\text{a}}:p<0.867$

iv. ${\text{H}}_{\text{0}}:p=0.867$

${\text{H}}_{\text{a}}:p\ne 0.867$