The conclusion regarding the publisher's claim regarding the hypothesis is that have sufficient evidence to support the claim that the proportion is less than 30% of their readers own a Rolls Royce.
<h3>What is a null hypothesis?</h3>
The null hypothesis is a statistical theory that suggests that no statistical relationship and significance exists in a set of given single observed variable, between two sets of observed data and measured phenomena.
Since we reject the null hypothesis , we have sufficient evidence to support the claim. In this case, we have sufficient evidence to support the claim that the proportion is less than 30% of their readers own a Rolls Royce.
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Complete question:
A newsletter publisher believes that less than 30% of their readers own a Rolls Royce. For marketing purposes, a potential advertiser wants to confirm this claim. After performing a test at the 0.02 level of significance, the advertiser decides to reject the null hypothesis. What is the conclusion regarding the publisher's claim?
So the slope is 5 and you know the points, (0,4)
y-4=5(x-0)
y-4 = 5x
y = 5x + 4 is the slope intercept form
standard form is: -5x + y = 4 OR y - 5x = 4
12/$3=20/x is the formula. Then cross multiply to get 12x=60, so x=$5.
