MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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A newsletter publisher believes that over 71% of their readers own a Rolls Royce. For marketing purposes, a potential advertiser wants to confirm this claim. After performing a test at the 0.02 level of significance, the advertiser decides to reject the null hypothesis.
What is the conclusion regarding the publisher's claim?
There is sufficient evidence at the 0.02 level of significance that the percentage is over 71 %.
There is not sufficient evidence at the 0.02 level of significance to say that the percentage is over 71 %
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