Determine and interpret the p value for the test

Reference no: EM131407200

Opinion Research has said that 49% of U.S. adults have purchased life insurance. Suppose that for a random sample of 50 adults from a given U.S. city, a researcher finds that only 38% of them have purchased life insurance.

At the 0.05 level in a one-tail test, is this sample finding significantly lower than the 49% reported by Opinion Research? Determine and interpret the p-value for the test.

Reference no: EM131407200

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