Sophia has $91,000 in a savings account that earns 7% annually. The interest is not compounded. To the nearest cent, how much wi
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<h2><u>Answer with explanation:</u></h2>
Let p be the proportion of voters in a certain state support an increase in the minimum wage.
As per given , we have
Since alternative hypothesis is right-tailed so the test is a right-tailed test.
Test statistic :
, where n= sample size.
p= population proportion.
= sample proportion.
. In a random sample of 300 fast food workers for 240 supporters increase an minimum-wage.
i.e. n= 300 and
Then,
For significant level α = .05 , the critical z-value is
Decision : Since calculated z-value (3.78) is greater than the critical value (1.645) , so we reject the null hypothesis.
Conclusion : We have sufficient evidence o support researcher's claim that that the percentage of fast food workers for support and increase is higher than 70%..