What can be concluded at the αα = 0.05 level of significance?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section: Chapter Questions
Problem 8CR
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Only about 12% of all people can wiggle their ears. Is this percent higher for millionaires? Of the 399 millionaires surveyed, 60 could wiggle their ears. What can be concluded at the αα = 0.05 level of significance?

 

The test statistic z=

The p-value =

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