A newsletter publisher believes that 72% of their readers own a Rolls Royce. A testing firm believes this is inaccurate and performs a test to dispute the publisher's claim. After performing a test at the 0.02 level of significance, the testing firm fails to reject the null hypothesis. What is the conclusion regarding the publisher's claim? A.There is sufficient evidence at the 0.02 level of significance that the percentage is not 72%. B. There is not sufficient evidence at the 0.02 level of significance that the percentage is not 72%.

A newsletter publisher believes that 72% of their readers own a Rolls Royce. A testing firm believes this is inaccurate and performs a test to dispute the publisher's claim. After performing a test at the 0.02 level of significance, the testing firm fails to reject the null hypothesis. What is the conclusion regarding the publisher's claim? A.There is sufficient evidence at the 0.02 level of significance that the percentage is not 72%. B. There is not sufficient evidence at the 0.02 level of significance that the percentage is not 72%.

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter8: Sequences, Series, And Probability

Section8.7: Probability

Problem 58E: What is meant by the sample space of an experiment?

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