2.) Using the level of significance of .01, test the claim that the proportion of college...

2.) Using the level of significance of .01, test the claim that the proportion of college students who are not on financial aid of any sort is greater than 20%.
- Find the test value using 1PropZtest on your calculator if 262 students out of 1000 students surveyed are not on any financial aid.
- Find the p-value using Norm.s.dist on Excel
- Find the critical value using Norm.s.inv on Excel
- State the conclusion based on critical value
- Translate conclusion (use complete sentence)
I NEED HELP SOLVING THIS AND TYPING ON AN EXCEL SHEET IM REALLY CONFUSED!

Expert Solution

note critical value = 2.33

orchestra answered 2 years ago

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