A decade-old study found that the proportion, p, of high school seniors who believed that "getting rich" was an important personal goal was 70%. A researcher decides to test whether or not that...

Extracted text: A decade-old study found that the proportion, p, of high school seniors who believed that "getting rich" was an important personal goal was 70%. A researcher decides to test whether or not that percentage still stands. He finds that, among the 250 high school seniors in his random sample, 159 believe that "getting rich" is an important goal. Can he conclude, at the 0.01 level of significance, that the proportion has indeed changed? Perform a two-tailed test. Then complete the parts below. Carry your intermediate computations to three or more decimal places and round your answers as specified in the table. (If necessary, consult a list of formulas.) (a) State the null hypothesis Ho and the alternative hypothesis H, H, :0 H, :0 (b) Determine the type of test statistic to use. (Choose one) ▼ D=0 OSO (c) Find the value of the test statistic. (Round to three or more decimal places.) O