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In a sample of 932 Americans 55% answered that they prefer to own their house or...

In a sample of 932 Americans 55% answered that they prefer to own their house or apartment rather than rent. At the 0.01 significance level, can it be stated that more than half of all Americans prefer to own the place where they live in.

a. State the hypotheses and identify the claim.

b. Compute the test value.

c. Find the critical value.

d. Make the decision to reject or not reject the null hypothesis. Justify.

e. Summarize the results.

Math   Statistics-And-Probability   
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