SOLUTION: An organization surveyed 1034 adults in a certain country aged 18 and older and found that 526 believed they would not have enough money to live comfortably in retirement. Does the
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Question 1078063: An organization surveyed 1034 adults in a certain country aged 18 and older and found that 526 believed they would not have enough money to live comfortably in retirement. Does the sample evidence suggest that a majority of adults in this country believe they will not have enough money in retirement? Use the
α=0.1 level of significance.
What does z0= ?? and what is the p value?
I tried but kept getting the wrong answer Answer by Boreal(15235) (Show Source):
You can put this solution on YOUR website! The sample proportion is 0.5087
z=(p hat-0.50)/sqrt (p*(1-p))/n); p and 1-p=0.5; n=1034
=0.0087/0.0156=0.56
This has a p-value of 0.56
