Members of the millennial generation are continuing to be dependent on their parents into early adulthood....

Members of the millennial generation are continuing to be dependent on their parents into early adulthood. A family research organization has claimed that, in past generations, no more than 27% of individuals aged 18 to 32 continued to be dependent on their parents. Suppose that a sample of 350 individuals aged 18 to 32 showed that 132 of them continue to be dependent on their parents.

1. Develop hypothesis for a test to determine whether the proportion of millennial continuing to be dependent on their parents is higher than for past generations.

2. What is your point estimate of the proportion of millennial continuing 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 as level of significance.

Expert Solution

orchestra answered 1 year ago

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