Textbook ExpertVerified Tutor
23 Nov 2021
Given information
Instructions: For the following ten exercises,
Hypothesis testing: For the following ten exercises, answer each question.
State the null and alternate hypotheses.
State the p-value.
. State alpha.
. What is your decision?
Write a conclusion.
Answer any other questions asked in the problem.A recent survey in the N.Y. Times Almanac indicated that 
of families own stock. A broker wanted to determine if this survey could be valid. He surveyed a random sample of 
families and found that 
owned some type of stock.
of families own stock. A broker wanted to determine if this survey could be valid. He surveyed a random sample of families and found that owned some type of stock.Step-by-step explanation
Step 1.
We are given to use a left-tailed test. That’s why the alternative hypothesis has 
sign. Reject the null hypothesis if 
and 
.
The following formula is used,
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Introductory Statistics
OER Edition, 2013
Openstax
ISBN: 9781938168208
Solutions
Chapter
Section
- Problem 62a
- Problem 62b
- Problem 62c
- Problem 62d
- Problem 62e
- Problem 62f
- Problem 62g
- Problem 62h
- Problem 62i
- Problem 62j
- Problem 63
- Problem 64
- Problem 65
- Problem 66a
- Problem 66b
- Problem 66c
- Problem 66d
- Problem 66e
- Problem 66f
- Problem 66g
- Problem 66h
- Problem 66i
- Problem 66j
- Problem 67a
- Problem 67b
- Problem 68
- Problem 69
- Problem 70
- Problem 71
- Problem 72
- Problem 73a
- Problem 73b
- Problem 73c
- Problem 73d
- Problem 73e
- Problem 73fi
- Problem 73fii
- Problem 73fiii
- Problem 73g
- Problem 73h
- Problem 73i
- Problem 73ji
- Problem 73jii
- Problem 73jiii
- Problem 74
- Problem 75
- Problem 76
- Problem 77
- Problem 78
- Problem 79
- Problem 80
- Problem 81
- Problem 82
- Problem 83
- Problem 84
- Problem 85
- Problem 86
- Problem 87
- Problem 88
- Problem 89
- Problem 90
- Problem 91
- Problem 92
- Problem 93
- Problem 94
- Problem 95
- Problem 96
- Problem 97
- Problem 98
- Problem 99
- Problem 100
- Problem 101
- Problem 102
- Problem 103
- Problem 104a
- Problem 104b
- Problem 104c
- Problem 104d
- Problem 105a
- Problem 105b
- Problem 105c
- Problem 105d
- Problem 106a
- Problem 107
- Problem 108
- Problem 109
- Problem 110
- Problem 111
- Problem 112
- Problem 113
- Problem 114
- Problem 115
- Problem 116