Test the claim that the proportion of people who own cats is significantly different than 40% at the 0.2 significance level. The null and alternative hypothesis would be: Ho:p 0.4 Ho: u 2 0.4 Ho:p =...

Extracted text: Test the claim that the proportion of people who own cats is significantly different than 40% at the 0.2 significance level. The null and alternative hypothesis would be: Ho:p < 0.4="" ho:p=""> 0.4 Ho: u 2 0.4 Ho:p = 0.4 Ho: p = 0.4 Ho:u < 0.4="" h1:p=""> 0.4 H1:p < 0.4="" h1:="" u="">< 0.4="" h1:p#="" 0.4="" h1:p="" 0.4="" h1:µ=""> 0.4 The test is: two-tailed left-tailed right-tailed Based on a sample of 700 people, 34% owned cats The p-value is: (to 2 decimals) Based on this we: O Fail to reject the null hypothesis O Reject the null hypothesis Question Help: DVideo M hp