Statistics: Informed Decisions Using Data (4th Edition)

Published by Pearson
ISBN 10: 0321757270
ISBN 13: 978-0-32175-727-2

Chapter 10 - Section 10.2 - Assess Your Understanding - Applying the Concepts - Page 493: 17

Answer

We fail to reject the Null hypothesis.

Work Step by Step

$H_{o}: p = 0.5$ $H_{a}: p > 0.5$ α = 0.05 Using technology, we have the P value = 0.1408 > 0.05 Hence we fail to reject the Null hypothesis as there is no sufficient evidence that would allow us to conclude that a proportion of less than 0.5 adults believe that they will not have enough money to retire comfortably.
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