A survey was undertaken by Bruskin/Goldring Research for Quickento determine how people plan to meet their financial goals in thenext year. Respondents were allowed to select more than one way tomeet their goals. Thirty-one percent said that they were using afinancial planner to help them meet their goals. Twenty-fourpercent were using family/friends to help them meet their financialgoals followed by broker/accountant (19%), computer software (17%),and books (14%). Suppose another researcher takes a similar surveyof 550 people to test these results.

a)  If 183 people respond that they are going to use afinancial planner to help them meet their goals, is this proportionenough evidence to reject the 31% figure generated in theBruskin/Goldring survey using ? = 0.10.

The value of the test statistic is ________ & reject thenull hypothesis/ fait to reject the null hypothesis

There is/ is not enough evidence to declare that the proportionis any different/ not any different than 0.31

b)  If 143 respond that they are going to usefamily/friends to help them meet their financial goals, is thisresult enough evidence to declare that the proportion issignificantly lower than Bruskin/Goldring’s figure of 0.24 if? = 0.05?

The value of the test statistic is ________ & reject thenull hypothesis/ fait to reject the null hypothesis

There is/ is not enough evidence to declare that the proportionis any different/ not any different than 0.24