A) Write the claim mathematically and identify Upper H 0 and Upper H Subscript a. (b) Find the critical value(s) and identify the rejection region(s). (c) Find the standardized test statistic. (d) Decide whether to reject or fail to reject the null hypothesis.
In a sample of 1713 home buyers, you find that 791 home buyers found their real estate agent through a friend. At alphaequals0.02, can you reject the claim that 47% of home buyers find their real estate agent through a friend?