Question

An article in The Wall Street Journal implies that at most half of all Americans would prefer being given $100 rather than a day off from work. This statement is based on a survey conducted by American Express Incentive Services, in which 563 of 1,040 respondents indicated that they would rather have $100. At the 0.01 level of significance, what is the p-value when testing to see whether or not there is evidence to refute the article’s claim?  Round p-bar to 4 decimal places!

		0.0078
		0.5000
		0.5413
		0.0207
		0.0039

Answer 1