solved: In a random selection of 400 pirates, 29of them had bounties over…

  

In a random selection of 400 pirates, 29of them had bounties over…In a random selection of 400 pirates, 29 of them had bounties over five million dollars.  You wish to test the claim that exactly 5 percent of all pirates have bounties over five million.  Conduct a hypothesis test at the a = 0.01 significance level, answering each of the following questions in order. 1) What is the null hypothesis? 2) What is the alternative hypothesis? 3) Which is the claim – the null hypothesis or the alternative hypothesis? 4) What is the P-value? 5) What is the conclusion in terms of the claim? MathStatistics and Probability MATH 115

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