Members of the millennial generation are continuing to bedependent on their parents into early adulthood. A family researchorganization has claimed that, in past generations, no more than27% of individuals aged 18 to 32 continued to be dependent on theirparents. Suppose that a sample of 350 individuals aged 18 to 32showed that 132 of them continue to be dependent on theirparents.
1. Develop hypothesis for a test to determine whether theproportion of millennial continuing to be dependent on theirparents is higher than for past generations.
2. What is your point estimate of the proportion of millennialcontinuing to be dependent on their parents?
3. What is the p-value provided by sample data?
4. What is your hypothesis testing conclusion? Use a=.05 aslevel of significance.
