SOLUTION: Statesville College claims that more than 94% of their graduates find employment within six months of graduation. In a sample of 500 randomly selected graduates, 475 of them were e

Question 1178419: Statesville College claims that more than 94% of their graduates find employment within six months of graduation. In a sample of 500 randomly selected graduates, 475 of them were employed. Is there enough evidence to support the college’s claim at a 1% level of significance?
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!



Hi

Ho:  p > .94 claim

Ha:  p ≤ .94

sample:  n = 500,  mean = 475/500 =  .95

If σ = 0.01, 0r  .99:  one-tailed (z = 2.3263) 

  = .9416

.9416 < 2.3263



Fail to Reject Ho, evidence sufficient to support claim that p > .94

Wish You the Best in your Studies.

RELATED QUESTIONS
Show all work. 35% of college graduates find a job in their field within six months of... (answered by Boreal)

3. From the previous experience it is known that 75% of all IT graduates get a job within (answered by ewatrrr)

Data on college graduates' employment indicate that 30% of the graduates find a part-time (answered by ikleyn)

A university claims the following: 80% of their graduates find employment within 6... (answered by ewatrrr)

Data on college graduates' employment indicate that 35% of the graduates find a part-time (answered by ikleyn)

Can you help me with this question please. Data on college graduates' employment... (answered by ikleyn)

A study conducted at a certain college shows that 75% of the school's > graduates find... (answered by ewatrrr)

A study conducted at a certain college shows that 72% of the school's graduates find a... (answered by reviewermath)

A study conducted at a certain college shows that 51% of the school's graduates find a... (answered by Boreal)