Quiz

You are interested in seeing if the majority of Americans view yesterday's stock market slide as a sign of bad times ahead.  Suppose you conducted a survey of 1004 Americans and 540 of them answered that the slide was a sign of bad times ahead.

A.  State the null and alternative hypotheses.

B.  Cite the P-Value and give your results using a complete sentence in the context of the question.  Use a level of significance of 0.05.