According to a Lawyers

question 71

Essay

According to a Lawyers.com survey, only 35% of adult Americans had a will (The Wall Street Journal, December 12). Suppose a recent survey of 250 adult Americans found 100 adults with wills.
A) Specify the competing hypotheses to determine whether the proportion of adult Americans who have a will differs from the proportion reported.
B) Calculate the value of the test statistic and the p-value.
C) At the 5% significance level, is the proportion different? Explain.

• A) Specify the competing hypotheses to determine whether the proportion of adult Americans who have a will differs from the proportion reported.
• B) Calculate the value of the test statistic and the p-value.
• C) At the 5% significance level, is the proportion different? Explain.

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Definitions:

Time-limited

An attribute or condition that has a restricted duration, not lasting or intended to last indefinitely.

Mandate

Describes an official order or commission to do something, often with the authority to carry out specific policies or procedures.

Cooperation

The process of individuals or groups working together towards common goals or benefits, often involving coordination and collaboration.

Task Groups

Teams formed for the specific purpose of accomplishing a designated task or project.