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5. People’s Choice, a monthly magazine, claimed that more than 40% of its subscribers had an...

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Basic Math

5. People’s Choice, a monthly magazine, claimed thatmore than 40% of its subscribers had an annual income of $100,000or more. In a random sample of 62 subscribers, 30 had incomes of$100,000 or more. Using a significance level of 0.10, does thisinformation substantiate the claim of the magazine? Show all testparts to receive full credit. (15 pts)

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5 Peoples Choice a monthly magazine claimed thatmore than 40 of its subscribers had an annual income of 100000or more In a random sample of 62 subscribers 30 had incomes of100000 or more Using a    See Answer
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