A report from the National Center for Education Statistics claims that more than two-thirds of undergraduates get some form of financial aid. You take a random sample of 400 undergraduates from the U.S. and find that 302 receive some form of financial aid. Test the claim at α = 0.05 . Use this scenario to answer questions 11-15.
11) State the alternative and null hypothesis.
12) Calculate the test statistic.
13) Identify the p-value.
14) Make your decision.
15) Interpret the results.
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