Can anyone give me a hint or answer this?
1 answer:
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Answer:
A. We have extremely strong evidence to reject H0.
Step-by-step explanation:
Let P be the proportion of non-retirees in 2015 who did not think that Social Security would be able to pay a retirement benefit by the time that they retire.
According to the data null and alternative hypotheses should be:
: P=0.60
: P<0.60
Test statistics is -4.29 and p-value of the statistics is p<0.001
At every significance levels higher than 0.001, we can reject the null hypothesis since p<0.001.
This is fairly simple. Divide 2,871,000 by 10 and that's your answer!
Also, since you're dividing by a factor of 10 (or in this case, <em>10</em>) you can just take away as many places as are zeros in the number you're dividing from. This works for <em>10, 100, 1,000, 10,000, etc. </em>In this case, since there is only one zero in 10 you only take away one place marking, which gives you 287,100.
Also, since you're dividing by a factor of 10 (or in this case, <em>10</em>) you can just take away as many places as are zeros in the number you're dividing from. This works for <em>10, 100, 1,000, 10,000, etc. </em>In this case, since there is only one zero in 10 you only take away one place marking, which gives you 287,100.