Fox News reports that People are all excited because they have taken an exit poll of 1200 voters and found that 50.5% of the voters say that they voted for Richard Nixon and they predict that he will be president. Test this claim using a 1 % significance level. (α=0.01)
Define your hypothesis.
Calculate the test statistic. By hand or by calculator.
Calculate the proper critical value.
Find the probability value (p value).
Is this a right tailed test, left tail or two tails?
Write a clear statement about what the test determines. Do you believe the prediction?
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