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A newsletter publisher believes that less than 29% of their readers own a Rolls Royce. Is there sufficient evidence at the 0.02 level to substantiate the publisher's claim? State the null and alternative hypotheses for the above scenario.

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Answer:

For this case they want to proof if the proportion of readers own a Rolls royce is less than 0.29 and that wuld be the alternative hypothesis. The complement would represent the null hypothesis. Then the system of hypothesis for this case are:

Null hypothesis: [tex] p \geq 0.29[/tex]

Alternative hypothesis: [tex]p< 0.29[/tex]

Step-by-step explanation:

For this case they want to proof if the proportion of readers own a Rolls royce is less than 0.29 and that wuld be the alternative hypothesis. The complement would represent the null hypothesis. Then the system of hypothesis for this case are:

Null hypothesis: [tex] p \geq 0.29[/tex]

Alternative hypothesis: [tex]p< 0.29[/tex]

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