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

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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) About Me  (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) 

 z+=blue+%28.01%29%2Fsqrt%28blue%28.94%28.06%29%2F500%29%29 = .9416

.9416 < 2.3263



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

Wish You the Best in your Studies.