<span>They advise that you decrease the number of allowances on your W-4. The more allowances that you have, the less taxes you pay during the year, but this can also decrease your end-of-the year refund greatly. The goal is to take as much tax out of each paycheck as needed to get a refund at the end of the year. A person’s job looks at these allowances to determine how much taxes an employee needs to pay each paycheck.</span>
Answer:
The basic procedure is:
State the null hypothesis H0 and the alternative hypothesis HA.
Set the level of significance .
Calculate the test statistic: z = p ^ − p o p 0 ( 1 − p 0 ) n.
Calculate the p-value.
Make a decision. Check whether to reject the null hypothesis by comparing p-value to
Explanation:
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