The conclusion regarding the publisher's claim regarding the hypothesis is that have sufficient evidence to support the claim that the proportion is less than 30% of their readers own a Rolls Royce.
The null hypothesis is a statistical theory that suggests that no statistical relationship and significance exists in a set of given single observed variable, between two sets of observed data and measured phenomena.
Since we reject the null hypothesis , we have sufficient evidence to support the claim. In this case, we have sufficient evidence to support the claim that the proportion is less than 30% of their readers own a Rolls Royce.
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Complete question:
A newsletter publisher believes that less than 30% of their readers own a Rolls Royce. For marketing purposes, a potential advertiser wants to confirm this claim. After performing a test at the 0.02 level of significance, the advertiser decides to reject the null hypothesis. What is the conclusion regarding the publisher's claim?
