Answer:
The answer is "At the 0,10 level, there should be enough proof that the percentage is below 49%"
Step-by-step explanation:
Null and alternative hypothesis:
Significance level:
It is decided that the null hypothesis at the defined meaning level is rejected.
We are given that we have $25 to pay for 6 fishing lures.
We can make an equality for this as follows:
Suppose price of one fishing lure is x dollars.
So we will use unitary method to find price of 6 fishing lures.
Price of 6 fishing lures = 6 * ( price of one fishing lure) = 6* x = 6x
Now we only have 25 dollars with us, so the price of 6 fishing lures has to be less than or equal to 25 dollars.
So creating an inequality,
Now in order to find price for one fishing lure, we have to solve this for x.
Dividing both sides by 6 we have,
Converting to decimal,
Answer : The price of one fishing lure must be less than or equal to $4.167