SOLUTION: A decade-old study found that the proportion of high school seniors who felt that "getting rich" was an important personal goal was 74%. Suppose that we have reason to believe that

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Question 193951: A decade-old study found that the proportion of high school seniors who felt that "getting rich" was an important personal goal was 74%. Suppose that we have reason to believe that this proportion has changed, and we wish to carry out a hypothesis test to see if our belief can be supported. State the null hypothesis Ho and the alternative hypothesis H1 that we would use for this test.
Ho:
H1:
Answer by stanbon(75887) About Me  (Show Source):
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A decade-old study found that the proportion of high school seniors who felt that "getting rich" was an important personal goal was 74%. Suppose that we have reason to believe that this proportion has changed, and we wish to carry out a hypothesis test to see if our belief can be supported. State the null hypothesis Ho and the alternative hypothesis H1 that we would use for this test.
Ho: p = 0.74
H1: p is not equal to 0.74
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Cheers,
Stan H.