A newsletter publisher believes that 49% of their readers own a Rolls Royce. Is there sufficient evidence at the 0.05 level to refute the publisher's claim? State the null and alternative hypotheses for the above scenario.
Null hypothesis ⇒ H₀: p = 0.49
Alternative hypothesis ⇒ Hₐ: p ≠ 0.49
Step-by-step explanation:
Given that α = 0.05
From the given information, the null and alternative hypothesis is expressed below:
