Suppose a poll is taken that shows that 510 out of 1000 randomly selected, independent people believe the rich should pay more taxes than they do. Test the hypothesis that a majority (more than 50%) believe the rich should pay more taxes than they do. Use a significance level of 0.05. State the null and alternative hypotheses. O A. Ho: p<0.50 Hai p>0.50 O B. Ho: p=0.50 H,:p#0.50 OC. Ho: p=0.51 H: p>0.51 OD. Ho: p= 0.50 Hg: p>0.50 Find the value of the test statistic z. z= (Round to two decimal places as needed.) Find the value of the corresponding p-value for this test statistic z p-value = (Round to three decimal places as needed.) Do you reject or not reject the null hypothesis? O Do not reject Hg- O Reject Ho- What is the correct interpretation of these results? O A. The percentage of all people who believe the rich should pay more taxes is significantly more than 50%. O B. The percentage of all people who believe the rich should pay more taxes is not significantly more than 50%.

Suppose a poll is taken that shows that 510 out of 1000 randomly selected, independent people believe the rich should pay more taxes than they do. Test the hypothesis that a majority (more than 50%) believe the rich should pay more taxes than they do. Use a significance level of 0.05. State the null and alternative hypotheses. O A. Ho: p<0.50 Hai p>0.50 O B. Ho: p=0.50 H,:p#0.50 OC. Ho: p=0.51 H: p>0.51 OD. Ho: p= 0.50 Hg: p>0.50 Find the value of the test statistic z. z= (Round to two decimal places as needed.) Find the value of the corresponding p-value for this test statistic z p-value = (Round to three decimal places as needed.) Do you reject or not reject the null hypothesis? O Do not reject Hg- O Reject Ho- What is the correct interpretation of these results? O A. The percentage of all people who believe the rich should pay more taxes is significantly more than 50%. O B. The percentage of all people who believe the rich should pay more taxes is not significantly more than 50%.

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Description: Can someone answer this and explain please? I’m very confused. 34. Suppose a poll is taken that shows that 510 out of 1000 randomly selected, independent people believe the rich should pay more taxes than they do. Test the hypothesis that a majority

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter4: Equations Of Linear Functions

Section: Chapter Questions

Problem 8SGR

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