A newsletter publisher believes that over 74% of their readership own a Rolls Ro

Question

A newsletter publisher believes that over 74% of their readership 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? (3 Points) There is sufficient evidence at the 0.02 level of significance that the percentage is A) over 74%. There is not sufficient evidence at the 0.02 level of significance to say that the percentage is B) over 74%.

Explanation / Answer

Let the given claim use to alternative hypothesis (Ha).

Therefore reject the null hypothesis then There is sufficient evidence at the 0.02 level of significance that the percentage is over 74%.

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