A newspaper publisher believes that over 47% of their readers own a Rolls Royce. For marketing purposes, a potential adveriser wants to confirm this claim. After performing a test at the 0.02 level of significance, the advertiser failed to reject the null hypothesis.  What is the conclusion regarding the publisher's claim? (Choose A or B) A. There is sufficient evidence at the 0.02 level of significance that the percentage is over 47%. B. There is not sufficient evidence at the 0.02 level of significance to say that the percentage is over 47%.

Question

A newspaper publisher believes that over 47% of their readers own a Rolls Royce. For marketing purposes, a potential adveriser wants to confirm this claim. After performing a test at the 0.02 level of significance, the advertiser failed to reject the null hypothesis. 

What is the conclusion regarding the publisher's claim? (Choose A or B)

A. There is sufficient evidence at the 0.02 level of significance that the percentage is over 47%.

B. There is not sufficient evidence at the 0.02 level of significance to say that the percentage is over 47%.

 

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Hypothesis Testing

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