Solved: What is the critical value-p-value, Basic Statistics

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What is the critical value-p-value

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Q: Survey of Workers In a survey of 703 randomly selected workers, 15.93% got their jobs through newspaper ads (based on data from Taylor Nelson Sofres Intereach). Consider a hypothesis test that uses a 0.05 significance level to test the claim that less than 20% of the workers get their jobs through newspaper ads.

a. What is the test statistics?

b. What is the critical value?

c. What is the P-value?

d. What is the conclusion?

e. Based on the polling results, can we conclude that 15.93% is significantly less than 20% for all such hypothesis tests? Why or why not?

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Basic Statistics: What is the critical value-p-value

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