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Confidence in banks: A poll conducted in 2012 asked a random sample of 1342 adults in...

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Statistics

Confidence in banks: A poll conducted in 2012asked a random sample of 1342 adults in the United States how muchconfidence they had in banks and other financial institutions. Atotal of 143 adults said that they had a great deal of confidence.An economist claims that less than14% of U.S. adults have a greatdeal of confidence in banks. Can you conclude that the economist'sclaim is true? Use both =α0.10 and =α0.01 levels of significanceand the P-value method with the TI-84 Plus calculator.

(b) Compute the P-value. Round the answer to at least fourdecimal places.

P-value= ___

Answer & Explanation Solved by verified expert
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SolutionGivenn sample size 1342x Number of adults said that they had a great deal ofconfidence 143Claimless than 14 of US adults have a great dealof confidence in banksthat is p 014levels of significance    See Answer
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