SOLUTION: A decade-old study found that the proportion of high school seniors who felt that "getting rich" was an important personal goal was 66%. Suppose that we have reason to believe that

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Question 235920: A decade-old study found that the proportion of high school seniors who felt that "getting rich" was an important personal goal was 66%. 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.

Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
A decade-old study found that the proportion of high school seniors who felt that "getting rich" was an important personal goal was 66%.
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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.
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State the null hypothesis Ho and the alternative hypothesis H1 that we would use for this test.
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Ho: p = 0.66
H1: p is not equal to 0.66
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Cheers,
Stan H.