It is believed that the proportion of women in the real estate profession is 65%.A local real estate group believes that this percentage is

Question

It is believed that the proportion of women in the real estate profession is 65%.A local real estate group believes that this percentage is higher.The real estate group chooses a random sample of 80 real estate agents and found that 54 are female.They carry out a test of significance at the 10% level to test this claim.Question 11Not yet answeredPoints out of 1.00What are the null and alternative hypotheses?Select one:a. H0: p = 0.10 and HA: p > 0.10b. H0: p = 0.65 and HA: p > 0.65c. H0: p = 0.65 and HA: p = 0.675d. H0: μ = 0.65 and HA: μ < 0.65

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Parker 6 days 2021-09-12T06:17:51+00:00 1 Answer 0

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    2021-09-12T06:18:54+00:00

    Answer:

    b. H0: p = 0.65 and HA: p > 0.65

    Step-by-step explanation:

    The null hypothesis should be

    • the proportion of women in the real estate profession is 65%

    And the alternative hypothesis should be

    • the proportion of women in the real estate profession is higher than 65%

    After sample z-statistic and corresponding p-value under the conditions assumed in null hypothesis has to be calculated and compared against %10 significance level p-critical

    If the p-value is smaller than p-critical then we can reject the null hypothesis in favor of alternative hypothesis and conclude that the proportion of women in the real estate profession is higher than 65%.

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