Identify the p-value, Suppose a study is conducted to test

Identify the p-value

Reference no: EM13111947

Suppose a study is conducted to test the claim, at a 0.01 significance level, that less than 75% of college students spend less than $250 per semester on text books. A survey of 700 students found that 71% spent less than $250 per semester on texts

List the claim using the P-value method

Determine the p-value (round to four decimal places as needed)

Choose correct answer

a. The study does provide sufficient evidence to support the claim that less than 75% of college students spend less than $250 per semester on books

b. The study does not provide sufficient evidence to support the claim that less than 75% of college students spend less than $250 on textbooks

Reference no: EM13111947

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