Determine and interpret the p value for the test

Reference no: EM131407206

It has been claimed that 65% of homeowners would prefer to heat with electricity instead of gas. A study finds that 60% of 200 homeowners prefer electric heating to gas.

In a two-tail test at the 0.05 level of significance, can we conclude that the percentage who prefer electric heating may differ from 65%? Determine and interpret the p-value for the test.

Reference no: EM131407206

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