According to a Bankrate survey, only 44% of Americans have at least According to a Bankrate survey, only 44% of Americans have at least $1000 in their savings account. A financial advisor states he thinks our community is worse than average and the percent is actually less than 44% of adults in this community with an emergency fund of at least $1000. A simple random sample of 40 local adults found only 11 with this emergency fund. At the 0.05 significance level, test the claim that the proportion of adults in this community with an emergency fund of at least $1000 is less than 0.44.1)Compute the test statistic. Include if it is z, t or ??2. 2) Find the critical value(s) OR the p-value. 3) Make the decision about the null hypothesis. (Conclude the test.) MathStatistics and Probability MT 125
