A. If the bank provides an annual percentage yield of 3.2%, what will be the balance when lucy turns 1? turns 2? turns 3?
1 answer:
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Answer: C. At the α=0.05 significance level, they should conclude that more than 50% of adults support the tax increase.
Step-by-step explanation:
Given: Null hypothesis:
Alternative hypothesis:
p-value = 0.033
If the p-value is greater than alpha (p > . 05), then we fail to reject the null hypothesis.
If α=0.01 , then p-value > α i.e. we fail to reject the null hypothesis.
Conclusion: Exactly 50% of adults support the tax increase.
If α=0.05 then p-value < α i.e. we reject the null hypothesis.
Conclusion: more than 50% of adults support the tax increase.
Thus, Correct option: C .