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A marketing manager for a cell phone company claims that more than 35% of children age 10 have cell phones. In a random sample of 5000 it is found...
A marketing manager for a cell phone company claims that more than 35% of children age 10 have cell phones. In a random sample of 5000 it is found that 1805 had cell phones. Can you conclude that the manager's claim is true? Use a significance level α = 0.01. Use this scenario to answer questions 16-20.
16) State the alternative and null hypothesis.
17) Calculate the test statistic.
18) Identify the p-value.
19) Make your decision.
20) Interpret the results.