Use single proportion testing, the p value method

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Reference no: EM1318176

Use Single proportion testing, the p value method

Suppose a study is conducted to test the claim at 0.01 significance level that less than 75% of college students spend less than $250.00 per semester on textbooks. A survey of 650 students found that 73% spent less than $250.00 per semester on text. Test the claim using the P-value method.

Find out the P-Value (Round to four decimal places as needed)

Choose the correct conclusion

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

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

Reference no: EM1318176

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