A Recent Study Claimed That at Least 15% of Junior $\alpha$

question 54

Essay

A recent study claimed that at least 15% of junior high students are overweight. In a sample of 160 students, 18
were found to be overweight. At α $\alpha$ = 0.05, test the claim.

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Definitions:

Investment

The process of distributing assets, typically funds, in anticipation of earning revenue or gains.

Compounded Monthly

Pertains to the method of adding interest each month to both the initial principal and the previously accrued interest.

Annual Deposit

A fixed amount of money deposited into an account once every year.

RRSP

A Registered Retirement Savings Plan in Canada that allows for tax-deferred savings for retirement.