Instead of splitting one lab into 2 parts (Excel and Calculator), this lab will be hypothesis testing using the calculator and Lab 6 will be hypothesis testing using Excel. You can either type or handwrite your answers for this lab. Please be sure to show all work to get full credit. Problem 1: A government study claims that 64% of Americans own their own home. In a recent survey, 870 out of 1280 randomly selected Americans said they own their own home. Use this data to test the claim that more than 64% of own their own home at ? = 0.01 significance level A. Form null and alternative hypotheses for this test: B. Run the Test to find the test statistic and p-value. Show work. C. Using the rejection region method, make a decision about the null hypothesis? Explain. D. Using the p-value method, make a decision about the null hypothesis? Explain. E. Write a conclusion for this test in context to the problem.
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64 (proportion of Americans who own their own home is 64%) - Alternative hypothesis (Ha): p < 0.64 (proportion of Americans who own their own home is less than 64%) Show more…
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