An article reported that 73% of companies have Twitter accounts. An economist thinks the percentage is higher at technology companies. She samples 70 technology companies and finds that 55 of them have Twitter accounts. Can she conclude that more than 73% of technology companies have Twitter accounts? Use the 0.05 level of significance with the p-value method and Excel.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 30PPS
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An article reported that 73% of companies have Twitter accounts. An economist thinks the percentage is higher at technology companies. She samples 70 technology companies and finds that 55 of them have Twitter accounts. Can she conclude that more than 73% of technology companies have Twitter accounts? Use the 0.05 level of significance with the p-value method and Excel.

 

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